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<CN Home>Home Prices in 70 Large/ Medium-sized Cities in CN Last Dec Drop 5.3% YoY: Reuters Estimate
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The price index of newly-built residential properties in 70 large and medium-sized cities in Mainland China faded 5.3% YoY in December 2024, with the rate of decrease narrowing for two straight months; while it turned from a decline to a flat rate on an MoM basis for the first time since June 2023, according to Reuters' estimate based on data released by the National Bureau of Statistics (NBS).

After measurement, on an MoM basis, the price index of newly-built residential properties in 70 large and medium-sized cities in Mainland rose in 23 cities in 2024, compared with 17 in last November; fell in 43 cities, compared with 49 in last November; and remained flat in 4 cities, the same as in the previous month.

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