China Index Academy: In September, second-hand home transactions in key cities remained somewhat active, with transaction volume continuing to grow year-on-year, but the month-on-month price decline widened somewhat.

Zhitong Finance APP has learned that, according to data monitoring by the China Index Academy, in September 2026, second-hand housing transactions in key cities maintained a certain level of activity, with transaction volume continuing to grow year-on-year, but the month-on-month decline in prices widened somewhat. The average price of second-hand residential properties in 100 cities was 12,452 yuan per square meter, down 0.60% month-on-month, with the decline widening by 0.15 percentage points from the previous month. In terms of the number of cities with price increases and decreases, 3 cities saw month-on-month increases, while 97 cities saw month-on-month declines; among core cities, Shanghai recorded an increase.