国家统计局：12月份一线城市新建商品住宅销售价格同比下降1.7%

Core Viewpoint - In December 2025, the sales prices of commercial residential properties in 70 large and medium-sized cities in China showed a month-on-month decline, with an expanded year-on-year decrease. Group 1: Month-on-Month Price Changes - In December, the sales prices of new commercial residential properties in first-tier cities decreased by 0.3%, with a narrowing decline of 0.1 percentage points compared to the previous month [1] - Second-tier cities saw a month-on-month decline of 0.4%, with the decline expanding by 0.1 percentage points [1] - Third-tier cities also experienced a month-on-month decline of 0.4%, with the decline remaining the same as the previous month [1] - The sales prices of second-hand residential properties in first-tier cities decreased by 0.9%, with a narrowing decline of 0.2 percentage points compared to the previous month [1] - Second and third-tier cities' second-hand residential property prices both decreased by 0.7%, with the decline expanding by 0.1 percentage points [1] Group 2: Year-on-Year Price Changes - In December, the year-on-year sales prices of new commercial residential properties in first-tier cities decreased by 1.7%, with the decline expanding by 0.5 percentage points compared to the previous month [1] - Shanghai saw an increase of 4.8%, while Beijing, Guangzhou, and Shenzhen experienced declines of 2.4%, 4.8%, and 4.4% respectively [1] - Second-tier cities' new commercial residential property prices decreased by 2.5%, and third-tier cities saw a decline of 3.7%, with declines expanding by 0.3 and 0.2 percentage points respectively [1] - The year-on-year sales prices of second-hand residential properties in first-tier cities decreased by 7.0%, with the decline expanding by 1.2 percentage points compared to the previous month [2] - Second and third-tier cities' second-hand residential property prices both decreased by 6.0%, with declines expanding by 0.4 and 0.2 percentage points respectively [2]