国家统计局：11月70个大中城市商品住宅销售价格环比总体下降

Group 1 - In November 2025, the sales prices of commercial residential properties in 70 major cities showed a month-on-month decline, with an expanded year-on-year decrease [1][2] - In first-tier cities, new commercial residential property prices decreased by 0.4% month-on-month, with Shanghai increasing by 0.1% while Beijing, Guangzhou, and Shenzhen saw declines of 0.5%, 0.5%, and 0.9% respectively [1] - Second-hand residential property prices in first-tier cities fell by 1.1% month-on-month, with Beijing, Shanghai, Guangzhou, and Shenzhen experiencing declines of 1.3%, 0.8%, 1.2%, and 1.0% respectively [1] Group 2 - Year-on-year, new commercial residential property prices in first-tier cities decreased by 1.2%, with Shanghai increasing by 5.1% while Beijing, Guangzhou, and Shenzhen saw declines of 2.1%, 4.3%, and 3.7% respectively [1] - Second-hand residential property prices in first-tier cities dropped by 5.8% year-on-year, with Beijing, Shanghai, Guangzhou, and Shenzhen experiencing declines of 6.8%, 4.6%, 7.2%, and 4.8% respectively [2] - In second and third-tier cities, new commercial residential property prices fell by 2.2% and 3.5% year-on-year, with the declines expanding by 0.2 and 0.1 percentage points respectively [1]