The Zhitong Finance App learned that on November 2, Kerui Real Estate Research released the National Real Estate Market Research Report for October 2026. In October 2026, the new supply area for newly built commercial housing in 50 key cities across the country was about 5.65 million square meters, a year-on-month decrease of 64.1%, a year-on-year decrease of 26.8%, and an increase of 23.5 percentage points over the previous month. After the “Golden Nine” volume was concentrated, the supply side declined rapidly, and the monthly scale fell again to the low to medium range during the year. The cumulative supply area from January to October was about 83.45 million square meters, a cumulative year-on-year decrease of 19.5%, an increase of 0.6 percentage points over the previous September. Overall, supply in October switched from “active volume release” in September to a “high decline”, and the pace of forensic promotion was repeated over and over again, reflecting that the supply flexibility of housing enterprises was still limited under sales repayment and capital constraints, and the supply contraction trend did not change throughout the year under the influence of the “sales to determine production” logic.

The Zhitong Finance App learned that on November 2, Kerui Real Estate Research released the National Real Estate Market Research Report for October 2026. In October 2026, the new supply area for newly built commercial housing in 50 key cities across the country was about 5.65 million square meters, a year-on-month decrease of 64.1%, a year-on-year decrease of 26.8%, and an increase of 23.5 percentage points over the previous month. After the “Golden Nine” volume was concentrated, the supply side declined rapidly, and the monthly scale fell again to the low to medium range during the year. The cumulative supply area from January to October was about 83.45 million square meters, a cumulative year-on-year decrease of 19.5%, an increase of 0.6 percentage points over the previous September. Overall, supply in October switched from “active volume release” in September to a “high decline”, and the pace of forensic promotion was repeated over and over again, reflecting that the supply flexibility of housing enterprises was still limited under sales repayment and capital constraints, and the supply contraction trend did not change throughout the year under the influence of the “sales to determine production” logic.