国家统计局数据显示：2025年12月份一线城市房价环比降幅收窄

Core Viewpoint - The real estate market in China is experiencing significant changes, with a shift from a focus on new housing to a balance between new and existing housing markets [1][2] Group 1: New Housing Market - In December 2025, the sales price of newly built commercial residential properties in first-tier cities decreased by 0.3% month-on-month, a reduction of 0.1 percentage points compared to the previous month [1] - Shanghai saw a price increase of 0.2%, while Beijing, Guangzhou, and Shenzhen experienced declines of 0.4%, 0.6%, and 0.5% respectively [1] - Year-on-year, the sales price of newly built commercial residential properties in first-tier cities fell by 1.7%, with Shanghai increasing by 4.8% and Beijing, Guangzhou, and Shenzhen decreasing by 2.4%, 4.8%, and 4.4% respectively [1] Group 2: Second-hand Housing Market - In December, the sales price of second-hand residential properties in first-tier cities decreased by 0.9% month-on-month, with a reduction of 0.2 percentage points compared to the previous month [2] - Year-on-year, the sales price of second-hand residential properties in first-tier cities dropped by 7.0%, with Beijing, Shanghai, Guangzhou, and Shenzhen declining by 8.5%, 6.1%, 7.8%, and 5.4% respectively [2] - Second and third-tier cities also saw a year-on-year decline of 6.0% in second-hand residential property prices, with the decline expanding by 0.4 and 0.2 percentage points respectively [2]