国家统计局：1月各线城市商品住宅销售价格环比降幅总体收窄

Core Viewpoint - In January 2026, the sales prices of new and second-hand residential properties in major cities showed a general trend of decline year-on-year, while the month-on-month decline narrowed overall [10]. Group 1: Month-on-Month Changes - In January, the sales prices of new residential properties in first-tier cities decreased by 0.3%, consistent with the previous month. Shanghai remained stable, while Beijing, Guangzhou, and Shenzhen saw declines of 0.3%, 0.6%, and 0.4% respectively [11] - Second-hand residential property prices in first-tier cities fell by 0.5%, with the decline narrowing by 0.4 percentage points compared to the previous month. Specifically, Beijing, Shanghai, Guangzhou, and Shenzhen experienced decreases of 0.2%, 0.4%, 0.7%, and 0.6% respectively [12] - Second-tier cities saw new residential property prices decrease by 0.3%, with the decline narrowing by 0.1 percentage points, while third-tier cities experienced a 0.4% decrease, consistent with the previous month [11] Group 2: Year-on-Year Changes - Year-on-year, new residential property prices in first-tier cities dropped by 2.1%, with the decline expanding by 0.4 percentage points compared to the previous month. Notably, Shanghai saw an increase of 4.2%, while Beijing, Guangzhou, and Shenzhen experienced declines of 2.4%, 5.3%, and 4.9% respectively [13] - Second-hand residential property prices in first-tier cities fell by 7.6% year-on-year, with the decline widening by 0.6 percentage points compared to the previous month. The specific declines for Beijing, Shanghai, Guangzhou, and Shenzhen were 8.7%, 6.8%, 8.3%, and 6.5% respectively [13] - Year-on-year, new residential property prices in second-tier and third-tier cities decreased by 2.9% and 3.9%, with declines expanding by 0.4 and 0.2 percentage points respectively [13]