Core Viewpoint - The real estate market in China is stabilizing due to various policies aimed at promoting recovery, with April data showing a narrowing decline in housing prices across different city tiers [1][3][8]. Group 1: Market Performance - In April, new residential sales prices in first and second-tier cities remained stable, while third-tier cities experienced slight declines [1][4]. - The sales area of new residential properties from January to April decreased by 2.8% year-on-year, but the decline was less severe than in the previous months [6][8]. - The number of cities with rising new home prices decreased from 24 in March to 22 in April, indicating a cooling market [4][5]. Group 2: Price Trends - The second-hand housing prices in first, second, and third-tier cities saw a month-on-month decline of 0.2%, 0.4%, and 0.4% respectively [5][6]. - The price index for second-hand homes fell more sharply than that for new homes, reflecting a shift in market dynamics [6][9]. Group 3: Policy Developments - Recent policies have been introduced to enhance the real estate market, including the implementation of new housing project standards and financial measures to support homebuyers [7][8]. - Local governments are optimizing real estate policies, such as introducing new public housing policies and encouraging low monthly payment financial products [7][8]. Group 4: Future Outlook - The demand for high-quality housing is expected to grow, with ongoing urban renewal and housing supply improvements anticipated to stimulate market activity [3][9]. - The real estate sector is viewed as a crucial component for economic recovery, with expectations for continued policy support to enhance housing supply and stabilize prices [8][9].

值得注意的是，上海、大连新房价格环比涨幅全国第一，赣州二手房价环比涨幅居首。 5月19日，国家统计局发布的最新数据显示，4月份，70个大中城市中，一、二线城市新房价格环比持平， 三线城市略有下降，各线城市房价同比降幅均持续收窄。 二手房价同比来看，4月份，一线城市二手房价格同比下降3.2%，降幅比上月收窄0.9个百分点。其中，北京、 上海、广州和深圳分别下降1.0%、0.6%、7.4%和3.7%。二、三线城市二手房价格同比分别下降6.5%和7.4%， 降幅分别收窄0.5个和0.4个百分点。 市场期待更多利好政策出台 对于当前的市场情况，中原地产首席分析师张大伟认为，"小阳春"行情已经过去。整体看，一季度各地房地产 政策不断出台，市场出现"小阳春"行情，但进入4月，政策的边际效应递减，前期积压的购房需求在"小阳 春"期间集中释放后，市场进入短暂的需求真空期。而根据市场惯例，每年3月份处于入学需求和改善购房叠加 的购房时期，成交量处于一年高点，4月份需求开始减少。从数据来看，4月房价上涨城市数量明显减少，特别 的一线城市从之前的全面上涨再次进入整体平稳和下行阶段。 张大伟指出，整体看一线城市出现了政策后的淡季行情 ...

Core Insights - The real estate market in China showed signs of stabilization in April, with new home prices in first and second-tier cities remaining flat, while third-tier cities experienced slight declines [1][5] - Shanghai and Dalian led the nation in new home price increases, while Ganzhou topped the list for second-hand home price growth [1][3] Price Trends - In April, the number of cities with rising new home prices decreased to 22, down from 24 in March, while the number of cities with rising second-hand home prices fell to 5, down from 10 [2] - First-tier cities saw new home prices remain flat, with Beijing and Shanghai increasing by 0.1% and 0.5% respectively, while Guangzhou and Shenzhen decreased by 0.2% and 0.1% [2] - Second-hand home prices in first-tier cities shifted from a 0.2% increase in March to a 0.2% decrease in April, with Shanghai increasing by 0.1% and declines in Beijing and Shenzhen of 0.6% and 0.3% respectively [2] Year-on-Year Comparisons - Year-on-year, new home prices in first-tier cities fell by 2.1%, a reduction in the decline by 0.7 percentage points compared to the previous month, with Shanghai seeing a 5.9% increase [3] - Second-hand home prices in first-tier cities dropped by 3.2% year-on-year, with a decline reduction of 0.9 percentage points, while second and third-tier cities experienced declines of 6.5% and 7.4% respectively [3] Market Outlook - Analysts suggest that the "small spring" market conditions have passed, with a decrease in demand observed in April following a surge in the first quarter [4] - There is an expectation for more favorable policies to stabilize the market, as recent adjustments in public housing fund rates have not sufficiently stimulated buyer interest [4] - The real estate market is still undergoing a transition, with ongoing pressures in certain regions, indicating that further efforts are needed to promote stability [5]

5月19日，国家统计局发布的最新数据显示，4月份，70个大中城市中，一、二线城市新房价格环比持平，三线城市略有下降，各线城市房价同比降幅均持续收 窄。 值得注意的是，上海、大连新房价格环比涨幅全国第一，赣州二手房价环比涨幅居首。 国家统计局的数据显示，4月份，各线城市房价环比持平或略降，同比降幅均持续收窄。同时，房价环比上涨城市数量有所减少，新房价格环比上涨城市有22个， 比上月减少2个；二手房价环比上涨城市有5个，比上月减少5个。 数据显示，4月份，一线城市新房价格环比由上月上涨0.1%转为持平。其中，北京和上海分别上涨0.1%和0.5%，广州和深圳分别下降0.2%和0.1%。二线城市新房价 格环比持平，与上月相同。三线城市新房价格环比下降0.2%，降幅与上月相同。 从二手房来看，4月份，一线城市二手房价格环比由上月上涨0.2%转为下降0.2%。其中，上海上涨0.1%，广州持平，北京和深圳分别下降0.6%和0.3%。二、三线城 市二手房价格环比均下降0.4%，降幅比上月分别扩大0.2个和0.1个百分点。 值得注意的是，4月份，70个大中城市中，新房价格环比涨幅居前的城市有：上海和大连涨幅均为0.5%，并列第 ...