2025年12月70城房价：各线城市商品住宅销售价格总体下降！北京、广州和深圳分别下降0.4%、0.6%和0.5%

Core Viewpoint - In December 2025, the sales prices of commercial residential properties in 70 major cities in China showed an overall decline both month-on-month and year-on-year, with significant variations among first, second, and third-tier cities [1][8]. Group 1: Month-on-Month Changes - In December, the sales prices of new commercial residential properties in first-tier cities decreased by 0.3%, with Shanghai increasing by 0.2%, while Beijing, Guangzhou, and Shenzhen saw declines of 0.4%, 0.6%, and 0.5% respectively [4][12]. - Second-tier cities experienced a month-on-month decline of 0.4%, with the decline rate increasing by 0.1 percentage points compared to the previous month [4][12]. - Third-tier cities also saw a month-on-month decline of 0.4%, maintaining the same decline rate as the previous month [4][12]. Group 2: Year-on-Year Changes - The year-on-year sales prices of new commercial residential properties in first-tier cities fell by 1.7%, with the decline rate expanding by 0.5 percentage points from the previous month. Shanghai saw an increase of 4.8%, while Beijing, Guangzhou, and Shenzhen experienced declines of 2.4%, 4.8%, and 4.4% respectively [6][13]. - Second-tier cities recorded a year-on-year decline of 2.5%, while third-tier cities saw a decline of 3.7%, with both categories experiencing an increase in the decline rate by 0.3 and 0.2 percentage points respectively [6][13]. Group 3: Second-Hand Residential Prices - In December, the month-on-month sales prices of second-hand residential properties in first-tier cities decreased by 0.9%, with a reduction in the decline rate by 0.2 percentage points compared to the previous month. Beijing, Shanghai, Guangzhou, and Shenzhen saw declines of 1.3%, 0.6%, 1.0%, and 0.6% respectively [5][12]. - Year-on-year, the sales prices of second-hand residential properties in first-tier cities fell by 7.0%, with the decline rate expanding by 1.2 percentage points from the previous month. Beijing, Shanghai, Guangzhou, and Shenzhen experienced declines of 8.5%, 6.1%, 7.8%, and 5.4% respectively [7][14].