智通财经网·2025-10-31 12:01Core Insights - The report from CRIC Real Estate Research indicates a significant decline in the sales performance of China's top 100 real estate companies in October 2025, with a year-on-year decrease of 41.9% in sales amount [1][2][4]. Sales Performance Overview - In October 2025, the top 100 real estate companies achieved a sales amount of 253 billion yuan, reflecting a slight month-on-month increase of 0.1% but a substantial year-on-year decrease of 41.9% [2][4]. - Cumulatively, from January to October 2025, these companies recorded a total sales amount of 25,766.6 billion yuan, which is a 16% decrease compared to the previous year, with the decline accelerating by 4.2 percentage points compared to the first nine months [2][4]. Market Supply and Demand - The new housing market supply in October 2025 was significantly reduced, with a year-low absolute volume, only higher than February 2025. The new home transactions saw a month-on-month increase of 1% but a year-on-year decline of 36% [1][10]. - In the first ten months of 2025, the cumulative transaction volume across 30 monitored cities reached 98.25 million square meters, with the year-on-year decline deepening from 2% to 7% [1][10]. Tiered Sales Thresholds - The sales thresholds for various tiers of the top 100 real estate companies have decreased compared to the same period last year, reaching their lowest levels in recent years. The threshold for the top 10 companies dropped by 9.4% to 67.89 billion yuan, while the thresholds for the top 30 and top 50 companies decreased by 5.4% and 11.6%, respectively [4][5]. City-Level Performance - In first-tier cities, the total transaction volume remained stable compared to the previous month, but year-on-year declines were significant, with Guangzhou leading in transactions but still experiencing a 46% year-on-year drop [10][11]. - Second and third-tier cities showed a slight month-on-month increase in transactions, but year-on-year adjustments were deep, with cities like Chengdu maintaining high transaction volumes [11]. Future Outlook - The expectation for November 2025 indicates that new home transaction volumes will continue to fluctuate at low levels, with the potential for further year-on-year declines due to high base effects from November of the previous year [10][11].