1月70城房价出炉！4城新房价格同比上涨，上海涨4.2%领跑

Core Viewpoint - The National Bureau of Statistics reported a decrease in new residential property prices in 70 large and medium-sized cities in January 2026, with a narrowing month-on-month decline but a year-on-year decrease. Group 1: New Residential Property Prices - In January, first-tier cities saw a month-on-month decline of 0.3% in new residential property prices, consistent with the previous month. Shanghai remained stable, while Beijing, Guangzhou, and Shenzhen experienced declines of 0.3%, 0.6%, and 0.4% respectively [1][2] - Year-on-year, first-tier cities' new residential property prices fell by 2.1%, with the decline expanding by 0.4 percentage points compared to the previous month. Shanghai recorded a price increase of 4.2%, while Beijing, Guangzhou, and Shenzhen saw decreases of 2.4%, 5.3%, and 4.9% respectively [1][2] - Second-tier cities experienced a month-on-month decline of 0.3%, with a narrowing decline of 0.1 percentage points, while third-tier cities saw a 0.4% decline, unchanged from the previous month [1][2] - Year-on-year, second and third-tier cities' new residential property prices decreased by 2.9% and 3.9%, with declines expanding by 0.4 and 0.2 percentage points respectively [1][2] Group 2: Second-Hand Residential Property Prices - In January, first-tier cities' second-hand residential property prices fell by 0.5% month-on-month, with the decline narrowing by 0.4 percentage points compared to the previous month [6][7] - The month-on-month declines for second-tier and third-tier cities were 0.5% and 0.6%, with declines narrowing by 0.2 and 0.1 percentage points respectively [6][9] - Year-on-year, first-tier cities' second-hand residential property prices dropped by 7.6%, with the decline expanding by 0.6 percentage points compared to the previous month. Beijing, Shanghai, Guangzhou, and Shenzhen saw declines of 8.7%, 6.8%, 8.3%, and 6.5% respectively [7][8] - Second and third-tier cities' year-on-year second-hand residential property prices decreased by 6.2% and 6.1%, with declines expanding by 0.2 and 0.1 percentage points respectively [9][10]