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【房地产】8月一线二手房成交面积同比转正,成交均价同比降幅收窄——光大核心城市房地产销售跟踪(2025年8月)(何缅南/韦勇强)
光大证券研究·2025-09-14 00:05

Core Viewpoint - The real estate market in major cities is experiencing a decline in new home sales volume while the average price shows a slight increase, indicating a potential shift in market dynamics [4][5]. New Homes - From January to August 2025, the transaction area of new residential properties in 30 core cities decreased by 7.8% year-on-year, with a total area of 8,499 million square meters [4]. - In August 2025, the transaction area for new residential properties was 882 million square meters, down 12.5% year-on-year [4]. - The average price of new homes in 30 core cities from January to August 2025 was 24,803 yuan per square meter, reflecting a year-on-year increase of 2.8% [5]. - Key cities' average prices for new homes include Beijing at 60,771 yuan per square meter (up 14.9% year-on-year) and Shanghai at 80,985 yuan per square meter (up 4.7% year-on-year) [5]. Second-Hand Homes - In August 2025, the transaction area of second-hand residential properties in 15 core cities was 1,191 million square meters, showing a slight decline of 0.5% year-on-year [6]. - The average price of second-hand homes in 10 core cities in August 2025 was 23,348 yuan per square meter, down 1.1% year-on-year [6]. - From January to August 2025, the average price of second-hand homes in 10 core cities was 24,007 yuan per square meter, reflecting a year-on-year decrease of 0.4% [7]. - Key cities' average prices for second-hand homes include Beijing at 28,788 yuan per square meter (up 4.6% year-on-year) and Shanghai at 38,360 yuan per square meter (down 0.5% year-on-year) [7].