Quick check, just announced! 70 city housing prices released month on month | city | housing prices
This morning, the National Bureau of Statistics released sales price data for commercial housing in 70 large and medium-sized cities in June.
From the perspective of newly-built commodity housing, in June, the sales prices of newly-built commodity housing in first tier cities increased from the previous month to remain stable. Beijing and Shanghai increased by 0.1% and 0.4% respectively, while Guangzhou and Shenzhen decreased by 0.1% and 0.3% respectively; The prices in second tier cities have also changed from an increase to a flat month on month.
![Quick check, just announced! 70 city housing prices released month on month | city | housing prices](https://a5qu.com/upload/images/9f4a1b7e255ba502827d2f50e98cf0e1.jpg)
Xu Xiaole, chief analyst of Shell Research Institute: With the pre-backlog of demand in the first quarter concentrated release, after the second quarter, the pace of market transactions slowed down, so leading to the emergence of housing supply in the phase of oversupply. In this case, the buyer's voice is enhanced and the seller lowers the price in order to sell the house.
Compared with the same period last year, the sales prices of newly-built commercial residential properties in first and second tier cities still show an upward trend. Among them, the sales prices of newly-built commercial residential properties in Chengdu, Shanghai, Hangzhou, and Ningbo all increased by more than 4% year-on-year.
![Quick check, just announced! 70 city housing prices released month on month | city | housing prices](https://a5qu.com/upload/images/acb3286f6e1a6ff74d1dbd18910fe024.jpg)
Xu Xiaole, chief analyst of Shell Research Institute: in some cities with better economic and demographic fundamentals, house prices are relatively stable. The release of rigid and improved housing demand is a solid foundation for the recovery of stable and healthy housing prices.