11月新房价格环比上涨城市增多！

Core Viewpoint - The latest data from the National Bureau of Statistics indicates a positive trend in new home prices, with an increasing number of cities experiencing price rises, suggesting a stabilization and improvement in the real estate market [2][6]. Summary by Sections New Home Prices - In November, the number of cities with rising new home prices increased, with Hefei and Xiangyang leading in price growth [2][4]. - The new home price index showed a month-on-month decline of 0.4% in first-tier cities, with Shanghai increasing by 0.1% while Beijing, Guangzhou, and Shenzhen saw declines of 0.5%, 0.5%, and 0.9% respectively [4]. - Second and third-tier cities experienced a month-on-month decline of 0.3% and 0.4%, respectively, with the rate of decline narrowing by 0.1 percentage points [4]. Second-Hand Home Prices - First-tier cities saw a month-on-month decline of 1.1% in second-hand home prices, with Beijing, Shanghai, Guangzhou, and Shenzhen experiencing declines of 1.3%, 0.8%, 1.2%, and 1.0% respectively [4][5]. - Second-tier cities' second-hand home prices remained unchanged with a decline of 0.6%, while third-tier cities saw a decline of 0.6% with a slight narrowing of the decline [4]. Year-on-Year Comparisons - Year-on-year, first-tier cities' new home prices fell by 1.2%, with Shanghai increasing by 5.1% while other cities saw declines [4][5]. - Second and third-tier cities experienced year-on-year declines of 2.2% and 3.5%, respectively, with the rate of decline increasing slightly [4]. Market Outlook - Analysts suggest that the increase in the number of cities with rising new home prices indicates a more solid foundation for market stabilization and a positive shift in market expectations [6][7]. - The release of pent-up demand and improved buyer confidence, particularly due to significant discounts on new homes, are contributing factors to the positive trend [7]. - Looking ahead to 2026, there is an emphasis on stabilizing the real estate market and addressing inventory issues, which may help in price stabilization [8].