According to the Zhito Finance APP, the China Index Academy stated that data monitoring shows that in November 2024, the average price of second-hand Residences in 100 cities was 14,278 yuan/square meter, a month-on-month decrease of 0.57%, a reduction of 0.03 percentage points compared to October; a year-on-year decrease of 7.29%. The average price of new Residences in 100 cities was 16,592 yuan/square meter. This month, driven by the launch of high-quality improved projects, the new house prices rose structurally by 0.36% month-on-month, and rose by 2.40% year-on-year. The average rent for Residences in 50 cities nationwide was 35.6 yuan/square meter/month, a month-on-month decrease of 0.66%, and a year-on-year decrease of 3.18%. In November, the housing rental market continued to be in the off-season, with demand remaining relatively low, resulting in a slight month-on-month decrease in average rent in key cities.

In various tiers of cities, the month-on-month decline in second-hand housing prices has narrowed. Prices in first-tier cities have stabilized significantly, with a month-on-month decrease of 0.07% in November for first-tier cities, a reduction of 0.10 percentage points compared to October; second-tier cities and representative cities in the third and fourth tiers saw month-on-month decreases of 0.68% and 0.66%, respectively. Among them, Shenzhen saw a month-on-month increase of 0.21%, ending an 18-month continuous decline. After the new policy on September 29, the transaction Volume of second-hand Residences in Shenzhen quickly rebounded, with market demand accelerating the release, leading to a slight increase in prices in November. The second-hand housing prices in Peking, Shanghai, and Guangzhou experienced month-on-month declines ranging from 0.1% to 0.3%, maintaining a slight decline for two consecutive months, while the price drop has narrowed significantly compared to before. The transaction Volume of second-hand housing in Chengdu remained high, market sentiment improved, and some owners raised listing prices, resulting in a month-on-month increase of 0.12% in second-hand housing prices in Chengdu.

According to the China REAL ESTATE INDEX system's price index for 100 cities, in November 2024, the average price of second-hand Residences in 100 cities fell by 0.57% month-on-month, with a reduction of 0.03 percentage points compared to the previous month; it decreased by 7.29% year-on-year. In November, the average price of second-hand Residences in the top ten cities fell by 0.17% month-on-month, a reduction of 0.16 percentage points compared to the previous month; it decreased by 7.16% year-on-year, with a reduction of 0.36 percentage points compared to the previous month.

Looking at various cities, month-on-month, second-hand Residence prices in Shenzhen and Chengdu increased by 0.21% and 0.12%, respectively. Nanjing saw the largest month-on-month decline at 0.60%; Wuhan, Hangzhou, and Tianjin followed with declines of 0.43%, 0.42%, and 0.31%, respectively; Guangzhou, Shanghai, and Peking all experienced month-on-month declines between 0.1% and 0.3%; Chongqing (main urban area) had the smallest decline at 0.07%. Year-on-year, Wuhan and Nanjing saw significant declines of 10.82% and 10.24%, respectively; Chongqing (main urban area), Peking, Hangzhou, and Shanghai had year-on-year declines between 7% and 9%; Tianjin, Guangzhou, and Chengdu saw year-on-year declines between 5% and 7%; Shenzhen experienced a year-on-year decline of 4.42%.