国家统计局：9月70城二手房售价环比均下降

Core Insights - In September 2025, the sales prices of commercial residential properties in 70 large and medium-sized cities in China showed a month-on-month decline across all categories, with second-hand housing prices experiencing a notable decrease [1][2]. Price Changes in Different City Tiers - In September, first-tier cities saw new commercial residential property prices decrease by 0.3% month-on-month, with Beijing and Shanghai experiencing slight increases of 0.2% and 0.3% respectively, while Guangzhou and Shenzhen saw declines of 0.6% and 1.0% [3]. - Second-tier cities experienced a 0.4% month-on-month decline in new residential property prices, while third-tier cities also saw a 0.4% decrease, maintaining the same rate as the previous month [3]. - Second-hand residential property prices in first-tier cities fell by 1.0% month-on-month, with specific declines in Beijing (0.9%), Shanghai (1.0%), Guangzhou (0.8%), and Shenzhen (1.0%) [3]. - Second-tier and third-tier cities recorded month-on-month declines of 0.7% and 0.6% respectively, with both categories seeing an increase in the rate of decline by 0.1 percentage points [3]. Year-on-Year Price Trends - Year-on-year, first-tier cities saw new commercial residential property prices decrease by 0.7%, with Shanghai showing a significant increase of 5.6%, while Beijing, Guangzhou, and Shenzhen experienced declines of 2.6%, 4.1%, and 1.8% respectively [4]. - Second-tier cities recorded a year-on-year decline of 2.1%, and third-tier cities saw a 3.4% decrease, both showing a narrowing of the decline by 0.3 percentage points [4]. - Year-on-year, second-hand residential property prices in first-tier cities decreased by 3.2%, with a narrowing of the decline by 0.3 percentage points compared to the previous month [4]. - Second-tier and third-tier cities experienced year-on-year declines of 5.0% and 5.7%, respectively, with both categories also showing a narrowing of the decline by 0.2 and 0.3 percentage points [4].