Core Viewpoint - The real estate market is experiencing a mixed performance, with new home prices showing slight increases in some cities while second-hand home prices continue to decline, indicating ongoing market adjustments [3][10][11]. New Home Market - In September, the average price of new homes in 100 cities was 16,926 yuan per square meter, a slight increase of 0.09% month-on-month and a year-on-year increase of 2.68% [5][6]. - The third quarter saw a cumulative increase of 0.47% in new home prices, although the growth rate slowed compared to the second quarter [5]. - First-tier cities, such as Shanghai and Guangzhou, showed stronger performance with new home prices rising by 0.82% and 0.32% respectively in September [6][8]. - The increase in new home prices is attributed to the active launch of quality projects in core cities, which is expected to support new home sales [10][11]. Second-Hand Home Market - The average price of second-hand homes in September was 13,381 yuan per square meter, reflecting a month-on-month decrease of 0.74% and a year-on-year decrease of 7.38% [10][11]. - Second-hand home prices have been declining for 41 consecutive months, with a cumulative drop of 5.79% in the first three quarters of the year [10][11]. - The decline in second-hand home prices is particularly pronounced in second-tier cities, which experienced a month-on-month drop of 0.87% in September [11][13]. Market Dynamics - The real estate market is characterized by a significant disparity between first-tier and third/fourth-tier cities, with the latter struggling with inventory issues and price declines [8][10]. - Policies aimed at improving housing quality and easing purchasing restrictions in key cities are being implemented to stimulate demand and stabilize prices [15][16]. - The overall market sentiment remains cautious, with expectations of continued price adjustments in the second-hand market due to high inventory levels [15][16].

Core Insights - The real estate market in September showed a slight increase in new home prices, while second-hand home prices continued to decline, indicating a divergence in market performance between new and existing properties [1][3][7]. New Home Market - In September, the average price of new homes in 100 cities was 16,926 yuan per square meter, with a month-on-month increase of 0.09% and a year-on-year increase of 2.68% [1][3]. - The third quarter saw a cumulative increase of 0.47% in new home prices, although this was a slowdown compared to the previous quarter [3]. - First-tier cities experienced significant price increases, with Shanghai, Hangzhou, and Guangzhou leading the way in month-on-month growth [5][6]. - Core cities are expected to see a gradual increase in new home supply, which may support sales in these areas [1][6]. Second-Hand Home Market - The average price of second-hand homes in September was 13,381 yuan per square meter, reflecting a month-on-month decline of 0.74% and a year-on-year decline of 7.38% [7][10]. - Second-hand home prices have now fallen for 41 consecutive months, with a cumulative decline of 5.79% in the first three quarters of the year [7][10]. - The decline in second-hand home prices is particularly pronounced in second-tier cities, which recorded the largest month-on-month drops [10][12]. Market Dynamics - The disparity between new and second-hand home markets is evident, with new homes experiencing structural price increases while second-hand homes face ongoing adjustments [6][12]. - Policy measures are being implemented in various cities to alleviate pressure on the second-hand market, including adjustments to purchase restrictions and tax incentives [13]. - The overall sentiment in the real estate market remains cautious, with expectations of continued price adjustments in the second-hand segment [13].

Core Viewpoint - In the third quarter, new home prices in 100 cities in China continued to rise, while second-hand home prices fell, indicating a divergence in the real estate market [1] Group 1: New Home Prices - The average price of newly built residential properties in 100 cities increased by 1.63% cumulatively in the first three quarters [1] Group 2: Market Outlook - The China Index Academy predicts that land parcels acquired by real estate companies in core cities during the first half of the year are expected to gradually enter the market in the fourth quarter, suggesting opportunities for "good cities + good houses" [1] - Cities with limited new project supply over the past two years are likely to focus on inventory reduction, indicating that the trend of market differentiation may continue [1]

今年的楼市"金九"，房价表现如何？ 10月1日，中指研究院发布数据显示，9月全国100个城市新建住宅均价为16926元/平方米，环比微涨0.09%，同比上涨2.68%；二手住宅均价为13381元/平 方米，环比下跌0.74%，同比下跌7.38%。 《每日经济新闻》记者（以下简称每经记者）注意到，截至9月，百城二手房价格已连续41个月环比下跌；三季度，百城二手房价格累计下跌2.26%，跌 幅较二季度扩大0.14个百分点；前三季度，百城二手房价格累计下跌5.79%。 具体到城市，9月，上海（+0.82%）、杭州（+0.51%）、广州（+0.32%）等城市新房价格环比涨幅位居前列；盐城（-1.87%）、徐州（-1.44%）、南通 （-1.30%）等城市二手房价格环比跌幅靠前。 "房企上半年在核心城市竞得的部分地块预计将在四季度逐步入市，新增供应增加有望对核心城市新房销售形成一定支撑，'好城市+好房子'仍具市场机 会；而二手房受挂牌量维持高位影响，短期或将延续'以价换量'行情。"中指研究院指数研究部总经理曹晶晶当日接受每经记者微信采访时指出。 房企推盘潮 拉动新房价格结构性上涨 在"金九"房企推盘潮带动下，9月百城新 ...

展望后市，中指研究院分析称，房企上半年在核心城市竞得的部分地块预计将在四季度逐步入市，新增 供应增加有望对核心城市新房销售形成一定支撑，"好城市+好房子"仍具机会；而近两年新项目供应偏 少的城市，则仍将以去库存为主，市场分化趋势或将延续。(完) （文章来源：中国新闻网） 二手住宅方面，9月重点城市二手房交易活跃度明显回升，但近月来二手房挂牌量保持高位，价格仍面 临下行压力。三季度，百城二手住宅均价累计下跌2.26%，前三季度百城二手住宅均价累计下跌 5.79%。 9月份，多个主要城市出台楼市新政，进一步放宽限制性购房政策，加大支持力度。例如：当月，深圳 放宽限购政策，符合条件的居民家庭在非核心区购房不限套数。上海优化房产税政策，满足条件的非上 海市户籍家庭购买二套及以上住房可享受房产税税收优惠。上海、成都、合肥等地对建筑设计规划、计 容规则等进行了规范。 中新社北京10月1日电 (记者庞无忌)中指研究院10月1日发布的数据显示，三季度，中国百城仍保持新房 价格上涨、二手房价格下跌态势。前三季度，百城新建住宅均价累计上涨1.63%。 该机构数据显示，9月份，中国100个城市新建住宅平均价格为每平方米16926元 ...

Core Insights - The average price of newly built residential properties in 100 cities reached 16,910 yuan per square meter in August 2025, showing a month-on-month increase of 0.20% and a year-on-year increase of 2.73% [1] - The average price of second-hand residential properties in 100 cities was 13,481 yuan per square meter in August 2025, reflecting a month-on-month decrease of 0.76% and a year-on-year decrease of 7.34% [1] - The average rent for residential properties in 50 key cities was 34.88 yuan per square meter per month in August 2025, with a month-on-month decline of 0.15% and a year-on-year decline of 3.76% [1] New Residential Market - The new residential market is experiencing structural growth driven by the introduction of improvement projects in certain cities [1] - The average price increase in new residential properties indicates a potential recovery in demand in specific urban areas [1] Second-hand Residential Market - The second-hand residential market continues to exhibit a "price-for-volume" phenomenon, with prices declining in most cities [1] - In August 2025, second-hand residential prices in first-tier cities fell by 0.55% month-on-month and 4.17% year-on-year, while second-tier and third/fourth-tier cities saw declines of 0.85% and 0.78% respectively [1][3] Rental Market - The rental market is experiencing a slowdown in demand as the graduation season effect diminishes, leading to a slight increase in the decline of average rents in key cities [1] - The average rent decline in 50 cities suggests a cooling rental market, which may impact rental yields for investors [1] City-Specific Trends - In August 2025, major cities like Wuhan and Nanjing experienced significant month-on-month declines in second-hand housing prices, with decreases of 1.20% and 0.97% respectively [3] - Year-on-year, Wuhan and Nanjing saw declines of 9.67% and 9.50% in second-hand housing prices, indicating a challenging market environment [3][5] Transaction Volume - Certain cities such as Huizhou and Nanchang reported substantial year-on-year increases in transaction volumes, with growth rates of 56.9% and 28.4% respectively [6][7] - Conversely, cities like Nanjing and Dalian faced significant declines in transaction volumes, with decreases of 22.1% and 61.0% respectively [8]

值得注意的是，尽管上述核心城市表现强劲，但未能抵消全国范围内的整体下滑趋势。此次新屋开工量 的显著回落，反映出加拿大住房市场在经历前期活跃后正进入调整阶段。 （文章来源：新华财经） 尽管全国数据表现疲软，部分主要城市的新建住宅活动仍保持增长态势。在人口超过1万人的城市地 区，8月新屋开工量同比增长10%，达到18.4万套。 区域层面，蒙特利尔以32%的同比增幅领跑，温哥华同比大幅增长46%，两地增长主要由多单元住宅项 目推动。多伦多地区的新屋开工量则基本与去年同期持平。 新华财经北京9月16日电加拿大抵押贷款和住房公司（CMHC）最新数据显示，8月全国新屋开工量环比 下降16%至24.58万套，显著低于市场预期的27.75万套，亦较经修正后的7月数据29.35万套大幅回落， 显示出住房市场整体活动正在降温。 ...

Group 1 - The core viewpoint of the article indicates that the average price of newly built residential properties in 100 cities across the country has shown a slight increase in August, reflecting a positive trend in the real estate market [1] - The average price of newly built residential properties in August was approximately 16,900 yuan per square meter, representing a month-on-month increase of 0.2% and a year-on-year increase of 2.73% [1] - First-tier cities experienced a month-on-month price increase of 0.48% and a year-on-year increase of 6.88%, indicating stronger demand and price resilience in these urban areas [1] - Second-tier cities saw a month-on-month increase of 0.21% and a year-on-year increase of 1.64%, suggesting a more moderate growth rate compared to first-tier cities [1]

Group 1 - In August, the average price of new residential properties in first-tier cities increased by 6.88% year-on-year, with a month-on-month increase of 0.48% [1] - The average price of new residential properties in second-tier cities rose by 1.64% year-on-year, while third and fourth-tier cities experienced a year-on-year decline of 1.06% [1] - The average price of second-hand residential properties in first-tier cities decreased by 4.17% year-on-year, with a month-on-month decline of 0.55% [1] Group 2 - Recent policy adjustments in major cities like Beijing and Shanghai have relaxed purchase restrictions, allowing eligible buyers to purchase multiple properties outside the city center [2] - The central government has reiterated its goal of stabilizing the real estate market, which is expected to boost market confidence and lead to a series of supportive policies in September [2] - The traditional peak sales season in September and October is anticipated to increase market activity, with developers expected to accelerate the launch of new projects in core cities [2]

Core Insights - The average price of new residential properties in 100 cities in China reached 16,910 yuan per square meter in August, showing a month-on-month increase of 0.20% and a year-on-year increase of 2.73% [1] - The average price of second-hand residential properties in August was 13,481 yuan per square meter, reflecting a month-on-month decrease of 0.76% and a year-on-year decrease of 7.34% [1] - The average rental price in 50 cities was 34.88 yuan per square meter per month, with a month-on-month decline of 0.15% and a year-on-year decline of 3.76% [1] Market Trends - The "stop decline and stabilize" policy goal was reiterated by the State Council, boosting market confidence [1][11] - Major cities like Beijing and Shanghai have optimized housing policies, easing restrictions on the number of properties that eligible buyers can purchase [10][11] - The market is entering the traditional peak season for real estate sales, with expectations for increased activity in core cities [11] Price Movements - In August, first-tier cities saw a month-on-month increase in new residential prices of 0.48%, while second-tier cities increased by 0.21%. In contrast, third and fourth-tier cities experienced a decrease of 0.25% [6] - Second-hand residential prices in first-tier cities decreased by 0.55%, while second-tier and third/fourth-tier cities saw declines of 0.85% and 0.78%, respectively [6] Policy Developments - The State Council emphasized the need for strong measures to consolidate the stabilization of the real estate market, focusing on urban renewal and improving housing quality [10][11] - Local governments are implementing various supportive measures, including optimizing public housing loan policies and issuing special bonds to recover idle land [10][11] Project Highlights - Several new residential projects have been launched in major cities, with notable sales performance indicating strong demand [9][12] - The focus on high-quality housing development continues, with guidelines being issued in various regions to promote the construction of quality residential projects [12]