In january 2026, the overall decline in the price of residential sales for urban goods was narrow
• chief statistician wang china, department of urban statistics, national statistical office, interprets the january 2026 statistics on changes in the prices of commercial residential sales
In january 2026, 70 large and medium-sized cities experienced an overall contraction and decline in the price of residential sales。
One, two, three-line urban residential price decline overall
In january, the price of new residential housing in front-line cities declined by 0. 3 per cent, the same as last month. Of these, shanghai is flat, with decreases of 0. 3, 0. 6 and 0. 4 per cent in beijing, guangzhou and shenzhen, respectively. The price of new residential housing in second-line cities decreased by 0. 3 per cent and by 0. 1 percentage points. The value of residential sales for newly built goods in third-line cities decreased by 0. 4 per cent, the same rate as last month。
In january, the price of second-hand residential sales in the first-line cities decreased by 0. 5 per cent, by 0. 4 percentage points less than last month. Of these, the decreases in beijing, shanghai, guangzhou and shenzhen were 0. 2, 0. 4, 0. 7 and 0. 6 per cent, respectively. Second- and third-line urban secondary housing prices decreased by 0. 5 per cent and 0. 6 per cent respectively, by 0. 2 per cent and 0. 1 per cent respectively。
Two, one, two, three-line urban commodity residential sales prices have declined over the same period
In january, the prices of new residential housing in front-line cities decreased by 2. 1 per cent over the same period, an increase of 0. 4 percentage points over the previous month. Among them, shanghai rose by 4. 2 per cent, beijing by 2. 4 per cent, guangzhou by 5. 3 per cent and shenzhen by 4. 9 per cent. The prices of new residential housing in cities on the second and third lines decreased by 2. 9 per cent and 3. 9 per cent respectively, by 0. 4 per cent and 0. 2 per cent, respectively。
In january, second-hand residential sales prices in front-line cities decreased by 7. 6 per cent over the same period, an increase of 0. 6 percentage points over the previous month. Of these, beijing, shanghai, guangzhou and shenzhen fell by 8. 7 per cent, 6. 8 per cent, 8. 3 per cent and 6. 5 per cent, respectively. Second- and third-line urban secondary housing prices decreased by 6. 2 per cent and 6. 1 per cent, respectively, over the same period。
Comment:
The first-line cities are the cities of beijing, shanghai, guangzhou and shenzhen; the second-line cities are the cities of tianjin, ishibao, taiwon, huo and hot, shenyang, dalian, changchun, harbin, nanjing, hangzhou, ningbo, hoi fat, fokzhou, xiemen, nanchang, zingdao, zingdao, zhengzhou, zhengzhou, wuhua, chang sha, nanjing, sea mouth, chungqing, chengdu, guiyang, xingang, xinchuan, ulu muqi; the third-line cities are the cities of tangshan, qin qin, qin qingxiang, bao, dandong, kanzhou, jilin, hondang, yangzhou, wanzhou, zhengxiang, qian, qingxiang, zhongzhou, zheng, qian, qingxiang, zhongzhou, qian, qian, zhongyan。
