9月北上杭等城市新房价格上涨

Core Insights - The real estate market in September showed a relative stability, with a narrowing decline in housing prices year-on-year, indicating the gradual impact of previous policies [1][3][5] Price Trends - In September, new home prices in first-tier cities decreased by 0.3% month-on-month, with Beijing and Shanghai experiencing increases of 0.2% and 0.3% respectively, while Guangzhou and Shenzhen saw declines of 0.6% and 1.0% [2][3] - Year-on-year, new home prices in first-tier cities fell by 0.7%, a reduction of 0.2 percentage points, with Shanghai showing a 5.6% increase [3][4] Market Dynamics - The second-hand housing market continues to face significant downward pressure, with first-tier cities seeing a month-on-month decline of 1.0% in September, consistent with the previous month [4][5] - The average listing time for second-hand homes in lower-tier cities has increased to 99 days, indicating greater difficulty in inventory turnover [4] Policy Impact - The implementation of supportive policies in first-tier cities has helped stabilize transaction volumes, while smaller cities may need to adopt price reductions to stimulate sales [5][6] - Analysts predict that the ongoing effects of policy adjustments will lead to a further narrowing of year-on-year price declines in the fourth quarter, with potential for first-tier cities to see positive growth [5][6]