National Bureau of Statistics: Commercial residential sales prices in first-tier cities generally rose month-on-month in July

The Zhitong Finance App learned that Yang Caifang, senior statistician of the City Department of the National Bureau of Statistics, interpreted statistics on changes in commercial residential sales prices in July 2026. In July, out of 70 large and medium-sized cities, commercial residential sales prices in first-tier cities generally rose month-on-month, second-tier cities declined month-on-month, and the overall year-on-year decline in Tier 1, 2, and 3 cities continued to narrow. In July, sales prices of newly built commercial residential homes in first-tier cities changed from a 0.1% month-on-month increase to a flat rate compared to the previous month. Among them, Shanghai, Guangzhou and Shenzhen rose 0.2%, 0.1%, and 0.2%, respectively, while Beijing declined 0.3%. Sales prices of newly built commercial residential homes in second-tier cities changed from being flat last month to a 0.1% decrease compared to last month. Sales prices of newly built commercial residential homes in third-tier cities fell 0.3% month-on-month, the same decline as last month. Of the 70 large and medium-sized cities, sales prices of newly built commercial residential homes rose or remained flat in 23 cities, an increase of 2 over the previous month.

The original text is as follows:

The year-on-year decline in commercial residential sales prices in all tier cities continued to narrow overall in July

——Yang Caifang, senior statistician of the City Department of the National Bureau of Statistics, interprets statistics on changes in commercial residential sales prices in July 2026

In July 2026, out of 70 large and medium-sized cities, commercial residential sales prices in first-tier cities generally rose month-on-month, second-tier and third-tier cities declined month-on-month, and the overall year-on-year decline in Tier 1, 2, and 3 cities continued to narrow.

Commercial residential sales prices in first-tier and first-tier cities generally rose month-on-month, while second-tier and third-tier cities declined month-on-month

In July, sales prices of newly built commercial residential homes in first-tier cities changed from a 0.1% month-on-month increase to a flat rate compared to the previous month. Among them, Shanghai, Guangzhou and Shenzhen rose 0.2%, 0.1%, and 0.2%, respectively, while Beijing declined 0.3%. Sales prices of newly built commercial residential homes in second-tier cities changed from being flat last month to a 0.1% decrease compared to last month. Sales prices of newly built commercial residential homes in third-tier cities fell 0.3% month-on-month, the same decline as last month. Of the 70 large and medium-sized cities, sales prices of newly built commercial residential homes rose or remained flat in 23 cities, an increase of 2 over the previous month.

In July, second-hand residential sales prices in first-tier cities rose 0.2% month-on-month, down 0.1 percentage points from the previous month. Among them, Shanghai, Guangzhou and Shenzhen rose 0.3%, 0.4%, and 0.2% respectively, while Beijing remained flat. Second-hand residential sales prices in second- and third-tier cities fell 0.3% and 0.4%, respectively. The declines were the same as last month. Of the 70 large and medium-sized cities, second-hand housing sales prices rose or remained flat in 8 cities, down 2 from the previous month.

The overall year-on-year decline in commercial residential sales prices in Tier 1, 2, and 3 cities continued to narrow

In July, sales prices of newly built commercial homes in first-tier cities fell 1.1% year on year, and the decline was 0.2 percentage points narrower than the previous month. Among them, Beijing, Guangzhou, and Shenzhen declined by 2.3%, 2.2%, and 2.9%, respectively, while Shanghai rose 3.0%. The sales price of newly built commercial residential homes in second-tier cities fell 2.8% year on year, and the decline narrowed by 0.3 percentage points. The sales price of newly built commercial residential homes in third-tier cities fell 4.2% year on year, the same decline as last month.

In July, second-hand residential sales prices in first-tier cities fell 3.7% year on year, and the decline was 1.2 percentage points narrower than the previous month. Among them, Beijing, Shanghai, Guangzhou and Shenzhen declined by 4.5%, 2.0%, 4.7%, and 3.6%, respectively. Second-hand residential sales prices in second- and third-tier cities decreased by 5.1% and 5.8%, respectively, and the declines narrowed by 0.3 and 0.2 percentage points, respectively.

This article was compiled from the official website of the “National Bureau of Statistics”. Zhitong Finance Editor: Liu Jiayin.