刚刚，最新70城房价出炉！

Core Insights - In October, the sales prices of commercial residential properties in 70 large and medium-sized cities in China showed a decline both month-on-month and year-on-year, indicating a continued adjustment in the housing market [1][2][4][5][6]. Price Trends - Month-on-month, first-tier cities saw a 0.3% decrease in new residential property prices, consistent with the previous month. Shanghai experienced a 0.3% increase, while Beijing, Guangzhou, and Shenzhen saw declines of 0.1%, 0.8%, and 0.7% respectively [2]. - Second-tier cities experienced a 0.4% month-on-month decline, maintaining the same rate as the previous month [2]. - Third-tier cities had a 0.5% month-on-month decline, with the drop expanding by 0.1 percentage points compared to the previous month [3]. Year-on-Year Changes - Year-on-year, first-tier cities saw a 0.8% decrease in new residential property prices, with the decline widening by 0.1 percentage points from the previous month. Shanghai recorded a 5.7% increase, while Beijing, Guangzhou, and Shenzhen experienced declines of 2.0%, 4.2%, and 2.6% respectively [4]. - Second-tier cities had a 2.0% year-on-year decline, with the drop narrowing by 0.1 percentage points [5]. - Third-tier cities experienced a 3.4% year-on-year decline, with the rate remaining unchanged from the previous month [6]. Market Observations - In October, seven cities, including Shanghai and Hangzhou, recorded positive year-on-year price growth, indicating a trend where cities with a high influx of young people tend to maintain stable property prices [6]. - The analysis suggests that the current housing market offers high value for buyers, with a solid foundation for stabilization and improvement [1][6].