降幅继续收窄!楼市最新数据出炉
券商中国·2025-10-20 08:27

Core Viewpoint - The real estate market is showing signs of stabilization, with a decrease in the year-on-year decline of housing prices across various cities, indicating a potential recovery phase [1][2][5]. Price Trends - In September, new home prices in first-tier cities decreased by 0.3% month-on-month, with Beijing and Shanghai experiencing increases of 0.2% and 0.3% respectively [3]. - Year-on-year, new home prices in first-tier cities fell by 0.7%, but the decline narrowed by 0.2 percentage points compared to the previous month [3]. - The number of cities with rising new home prices increased, with Shanghai leading at a 5.6% year-on-year increase [4]. Market Analysis - Industry experts suggest that the real estate market is still undergoing deep adjustments, but the trend towards stabilization is evident, with some cities entering a recovery phase [6]. - The average month-on-month decline in second-hand home prices has decreased from 0.91% before the "9.26 new policy" last year to 0.58% this year, indicating a narrowing of price declines [6][7]. - The combination of recent policy measures is seen as a key driver for the improvement in year-on-year price metrics [7]. Future Outlook - The expectation is that from October to December, the year-on-year decline in housing prices across various cities will continue to narrow, with first-tier cities potentially seeing a shift from negative to positive growth [2][7].