前8月商品房销售降幅收窄，库存连续6个月减少

Core Viewpoint - The real estate market is gradually stabilizing after a period of decline, with improvements in sales and inventory levels observed in the first eight months of the year [1][5][8]. Group 1: Sales Performance - From January to August, the total sales area of new commercial housing reached 57,304 million square meters, a year-on-year decrease of 4.7%, which is a reduction of 13.3 percentage points compared to the same period last year [3][5]. - The sales revenue for new commercial housing was 55,015 billion yuan, down 7.3% year-on-year, with a decrease of 16.3 percentage points compared to the same period last year [3][5]. - Some first-tier and second-tier cities have seen growth in both sales area and revenue for new commercial housing [5]. Group 2: Inventory and Funding - As of the end of August, the inventory of unsold commercial housing was 76,169 million square meters, which is a decrease of 317 million square meters from the end of July, marking six consecutive months of decline [3][6]. - The funding situation for real estate development companies has improved, with total funding down 8% year-on-year, but the decline has narrowed by 12.2 percentage points compared to the same period last year [8]. - The government has implemented policies to stabilize the real estate market and promote the release of housing demand, contributing to the narrowing of sales declines [8]. Group 3: Future Outlook - The real estate market is expected to continue its recovery, but it requires ongoing efforts to stabilize and improve conditions [1][8]. - The government plans to enhance urban renewal and increase the supply of high-quality housing to better meet the rigid and improved housing needs of residents [8].