上海新房房价环比上涨！

Core Insights - In October 2025, the sales prices of commercial residential properties in 70 large and medium-sized cities in China experienced both month-on-month and year-on-year declines [1] Price Changes Month-on-Month - In October, the sales prices of new commercial residential properties in first-tier cities decreased by 0.3%, with Shanghai increasing by 0.3% while Beijing, Guangzhou, and Shenzhen saw declines of 0.1%, 0.8%, and 0.7% respectively [2] - Second-tier cities experienced a month-on-month decline of 0.4%, consistent with the previous month, while third-tier cities saw a decline of 0.5%, which is an increase in the rate of decline by 0.1 percentage points [2] - The month-on-month sales prices of second-hand residential properties in first-tier cities fell by 0.9%, a slight narrowing of the decline by 0.1 percentage points compared to the previous month [2] Price Changes Year-on-Year - Year-on-year, the sales prices of new commercial residential properties in first-tier cities dropped by 0.8%, with the decline rate increasing by 0.1 percentage points compared to the previous month [3] - Shanghai saw a year-on-year increase of 5.7%, while Beijing, Guangzhou, and Shenzhen experienced declines of 2.0%, 4.2%, and 2.6% respectively [3] - Second-tier cities recorded a year-on-year decline of 2.0%, with the decline rate narrowing by 0.1 percentage points, while third-tier cities saw a decline of 3.4%, consistent with the previous month [3] - The year-on-year sales prices of second-hand residential properties in first-tier cities decreased by 4.4%, with the decline rate increasing by 1.2 percentage points compared to the previous month [3]