前11月全国一手住宅销售7.5万亿元

Core Insights - In 2024, China's real estate market recorded a new residential property sales figure of 96,750 billion yuan, marking the end of the "10 trillion market" era [1] - For the first 11 months of 2025, new residential property sales are projected to decline to approximately 80,000 billion yuan from last year's 90,000 billion yuan [1] Group 1: Sales and Construction Data - From January to November 2025, the total sales of new residential properties reached 75,130 billion yuan, a year-on-year decrease of 11.1% [2] - The area of new residential property sold was 78,702 million square meters, down 7.8% year-on-year, with residential sales area at 65,818 million square meters, a decline of 8.1% [2] - The total area under construction for residential properties was 656,066 million square meters, reflecting a 9.6% decrease year-on-year, with new construction area down 20.5% [1][2] Group 2: Investment and Funding - Real estate development investment for the first 11 months of 2025 was 78,591 billion yuan, a decline of 15.9% year-on-year, with residential investment at 60,432 billion yuan, down 15.0% [1] - The total funds available to real estate developers amounted to 85,145 billion yuan, a decrease of 11.9% year-on-year, with domestic loans down 2.5% and personal mortgage loans down 15.1% [2] Group 3: Market Dynamics - The inventory of unsold residential properties at the end of November was 75,306 million square meters, a reduction of 301 million square meters from the end of October, indicating improved supply-demand dynamics [2] - Industry expert Li Yujia noted that the reduction in unsold inventory is a positive sign, suggesting that improved supply-demand relationships could stabilize the market [2][3]