National Bureau of Statistics: The month-on-month decline in the sales prices of residential properties in February continued to narrow.

On March 16, the National Bureau of Statistics released the changes in the sales prices of new residential homes in 70 large and medium-sized cities in February 2026. Wang Zhonghua, the chief statistician of the urban department of the National Bureau of Statistics, introduced that in February, the month-on-month sales prices of new residential homes in first-tier cities changed from a 0.3% decrease last month to a stabilization. Among them, Beijing and Shanghai both rose by 0.2%, Guangzhou remained stable, and Shenzhen decreased by 0.3%. The month-on-month sales prices of new residential homes in second and third-tier cities decreased by 0.2% and 0.3% respectively, with a decrease of 0.1 percentage points. Among the 70 large and medium-sized cities, there were 10 cities where the sales prices of new residential homes increased compared to last month, 7 cities where the prices remained stable, totaling 9 more than last month. In February, the month-on-month sales prices of second-hand homes in first-tier cities decreased by 0.1%, a decrease of 0.4 percentage points compared to the previous month. Among them, Beijing and Shanghai rose by 0.3% and 0.2% respectively, while Guangzhou and Shenzhen decreased by 0.5% and 0.4% respectively. The month-on-month sales prices of second-hand homes in second and third-tier cities decreased by 0.4% and 0.5% respectively, with a decrease of 0.1 percentage points. The original text is as follows: The month-on-month decrease in the sales prices of residential homes continues to narrow -Chief Statistician Wang Zhonghua of the urban department of the National Bureau of Statistics interprets the statistical data on the changes in the sales prices of residential homes in February 2026 In February 2026, overall, the month-on-month decrease in the sales prices of new residential homes in 70 large and medium-sized cities continued to narrow, compared to the same period last year. The number of cities where the sales prices of new residential homes rose or remained stable compared to the previous month increased. I hope this helps. Let me know if you need anything else.