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Home prices in first-tier cities rise month-on-month in Aug 2026, declines narrow in lower-tier cities
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According to the National Bureau of Statistics, in August 2026, among 70 large and medium-sized Chinese cities, commodity residential housing prices in first-tier cities rose month-on-month. Month-on-month declines in second- and third-tier cities generally narrowed. Year-on-year declines continued to narrow across all three tiers. The data indicates a stabilization trend in China's housing market, with first-tier cities showing price increases while lower-tier cities experience slowing price drops.
Source report
In August 2026, among 70 medium- and large-sized cities, the following trends were observed in commodity residential housing prices:
- First-tier cities: Prices rose month-on-month.
- Second- and third-tier cities: Month-on-month declines generally narrowed.
- All tiers (first, second, and third): Year-on-year declines continued to narrow.
Source
金十数据Eastern
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China first-tier city home prices rise in August as nationwide declines narrow