根据安居客租赁市场景气度指数显示，7月全国40城租赁市场景气度指数为75.8，基本较上月持平，市场整体温度仍保持在温的水平。7月，租赁市场依旧 处于夏季毕业租赁需求高峰期，但今年的市场景气度相较于去年同期略显疲弱。总体来看，租赁市场的挂牌价格在经历上半年的逐步走低后，目前已基本 触底并趋于稳定。 市场供需方面，7月新增租赁挂牌房源量较上月小幅增长2.5%，房东积极把握去化窗口期。然而，整体需求热度表现较为平淡，租赁线上需求热度环比小 幅下降3.5%；同时，核心一二线城市的需求热度也呈现环比回落趋势。从挂牌房源的去化周期来看，去化速度较二季度略有提升。 一、全国40城租赁市场景气度概况 二、重点城市租赁市场收益率表现 根据安居客监测的数据显示，7月重点城市中有6个城市的挂牌租金收益率同比小幅上升，这一现象主要是由于城市房价和租金价格的下行，进而导致挂牌 租金收益率被动提升。 总体而言，重点城市的挂牌租金收益率表现相对平稳。在一线城市中，北京、广州和深圳的挂牌租金收益率呈现小幅逐步回升的态势，而上海则因挂牌租 金小幅下降，导致收益率略有下滑。在二线城市方面，除杭州和南京外，整体挂牌租金收益率表现较为强劲。特别是本 ...

Group 1: National Rental Market Overview - The rental market index for 40 cities in China decreased slightly to 71.4 in May, indicating a weaker performance compared to the same period last year [1] - The number of new rental listings decreased by 7.8% month-on-month, reflecting a decline in landlords' willingness to list properties [1] - Despite a slight increase in online rental demand by 1.3%, the overall demand remains low, particularly in first-tier cities [1] - Rental prices saw a minor increase of 0.2% in May, ending a three-month downward trend, but the overall market remains less vibrant than last year [1] Group 2: Key Cities Rental Yield Performance - Rental yields in key cities remained relatively stable in May, with slight year-on-year increases in cities like Shanghai, Guangzhou, Chongqing, Xi'an, and Nanjing [3] - Beijing and Guangzhou showed stable rental yields, while Shanghai and Shenzhen experienced slight declines due to downward pressure on property prices and rents [3] - Second-tier cities like Chengdu, Chongqing, Xi'an, and Wuhan maintained rental yields in the reasonable range of 2.2%-3% [3] Group 3: Supply and Demand Situation - The average rental price across 40 cities was approximately 43 yuan per square meter per month in May, with 13 cities experiencing a slight increase in rental price indices [6] - The number of new rental listings decreased in most cities, with 11 cities seeing a drop of over 10% in new listings [8] - Online rental demand showed a slight recovery, particularly in second-tier cities, with notable increases in cities like Guiyang, Harbin, and Zhengzhou [9] Group 4: Rental Listing Cycle Performance - The average listing cycle for rental properties increased by 2 days to 42.1 days in May, indicating a slight rise in the difficulty of renting out properties [14] - First-tier cities like Shanghai and Beijing saw significant increases in listing cycles, with Shanghai's cycle increasing by 4.2 days [14] - Xi'an had the shortest rental listing cycle among second-tier cities, around 30 days, due to a high number of active graduates seeking rentals [14]