Published: Aug 1, 2024 09:15
China Index Academy: Second-hand Home Prices Continue to Decline in 100 Cities in July": According to the China Index Academy, based on the survey data from the China Real Estate Index System's 100-City Price Index covering new and second-hand residential sales markets in 100 cities nationwide, as well as the rental markets in 50 cities, the average price of second-hand homes in 100 cities stood at 14,653 yuan per square meter in July 2024, a month-on-month decrease of 0.74%, with the decline widening by 0.01 percentage points compared to June. This marks the 27th consecutive month of month-on-month decline, and the year-on-year decline is 6.58%. Currently, the trend of "trading price for volume" among homeowners continues, and transactions of second-hand homes in key cities continue to increase.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[SMM Coking Coal and Coke Daily Brief Review] 20260317
8 mins ago
[SMM Coking Coal and Coke Daily Brief Review] 20260317
Read More
[SMM Coking Coal and Coke Daily Brief Review] 20260317
[SMM Coking Coal and Coke Daily Brief Review] 20260317
[SMM Daily Brief Review of Coking Coal and Coke] In terms of supply, coking costs at coke producers increased, profit per mt of coke narrowed somewhat, and coke producer inventories still needed to be drawn down, weighing on their production enthusiasm. However, downstream demand improved somewhat, and coke producers were actively making shipments. Demand side, the country's important meetings have concluded, and blast furnaces previously subject to production restrictions resumed production one after another, increasing rigid demand for coke. However, uncertainty still remained in finished steel consumption, and most steel mills remained cautious in their coke procurement. In summary, the supply-demand imbalance in the coke market eased somewhat, and cost support strengthened. In the short term, the coke market may temporarily remain stable.
8 mins ago
[SMM Analysis] Freight Rates Surge, Making Deals Difficult for Exporters
25 mins ago
[SMM Analysis] Freight Rates Surge, Making Deals Difficult for Exporters
Read More
[SMM Analysis] Freight Rates Surge, Making Deals Difficult for Exporters
[SMM Analysis] Freight Rates Surge, Making Deals Difficult for Exporters
25 mins ago
[SMM Chromium Daily Review] Supply Is Expected to Tighten, Quotations Remain Temporarily Stable at High Levels
56 mins ago
[SMM Chromium Daily Review] Supply Is Expected to Tighten, Quotations Remain Temporarily Stable at High Levels
Read More
[SMM Chromium Daily Review] Supply Is Expected to Tighten, Quotations Remain Temporarily Stable at High Levels
[SMM Chromium Daily Review] Supply Is Expected to Tighten, Quotations Remain Temporarily Stable at High Levels
[SMM Chrome Daily Review: Expectations for Tighter Supply, Quotes Temporarily Stable at High Levels] News on March 17, 2026: The spot price of chrome ore continued to rise, while ferrochrome quotes remained unchanged for the time being...
56 mins ago
China Index Academy: Second-hand Home Prices Continue to Decline in 10 - Shanghai Metals Market (SMM)