1月中国一二三线城市房价环比降幅总体收窄

Group 1 - In January 2026, the sales prices of new residential properties in 70 large and medium-sized cities in China showed a narrowing decline month-on-month, with year-on-year decreases observed [1][2] - The month-on-month decline in new residential property prices for first-tier cities was 0.3%, consistent with the previous month, while second-tier cities saw a decline of 0.3%, narrowing by 0.1 percentage points, and third-tier cities experienced a decline of 0.4%, unchanged from the previous month [1] - The decline in second-hand housing prices showed a more pronounced narrowing trend, with month-on-month declines in first, second, and third-tier cities reducing by 0.4, 0.2, and 0.1 percentage points respectively [1] Group 2 - Year-on-year, both new and second-hand residential property prices in first, second, and third-tier cities experienced varying degrees of decline in January [2] - Notably, several second-tier cities saw a slight month-on-month increase in new home prices, including Dalian, Hefei, Xiamen, Wuhan, and Nanchong, attributed to their strong industrial foundations and previous significant price adjustments [2] - The real estate market is transitioning towards stabilization and recovery, supported by both policy measures and market confidence, with a notable recovery in the second-hand housing market in core cities [2]