房地产市场虽有所波动 但政策成效仍在继续显现

Group 1 - The core viewpoint of the articles indicates that despite fluctuations in the real estate market, the effects of supportive policies are becoming evident, with various regions accelerating the implementation of measures to stimulate housing demand [1][6] Group 2 - In October 2025, the sales prices of new residential properties in first-tier cities decreased by 0.3% month-on-month, with Shanghai seeing a slight increase of 0.3%, while Beijing, Guangzhou, and Shenzhen experienced declines of 0.1%, 0.8%, and 0.7% respectively [2] - The year-on-year comparison shows that in October, new residential property prices in first-tier cities fell by 0.8%, with Shanghai increasing by 5.7%, while Beijing, Guangzhou, and Shenzhen saw declines of 2.0%, 4.2%, and 2.6% respectively [3] - The overall sales area and sales revenue of new residential properties in the first ten months of the year decreased by 6.8% and 9.6% year-on-year, but the decline has narrowed compared to the same period last year [5] - The inventory of unsold residential properties has been steadily decreasing, with the total unsold area at the end of October being 75,606 million square meters, a reduction of 3.22 million square meters from the end of September [5] - The funding situation for real estate companies has improved, with the year-on-year decline in funds received by developers narrowing by 9.5 percentage points compared to the same period last year [5] - The market is expected to maintain a stable transaction volume, with a significant proportion of second-hand housing searches reaching 64.5%, indicating ongoing price competition among sellers [4]