Beijing, July 1st, Xinhua News Agency (Correspondent Pang Wuji) The China Index Academy released data on July 1st showing that the average price of newly built residential houses in 100 cities in China continued to rise slightly month-on-month and year-on-year, while the average price of second-hand houses in 100 cities continued to fall month-on-month and year-on-year.

The data released on the day showed that in June, the average price per square meter of newly built residential houses in 100 cities in China was 16847 yuan (RMB, the same below), up 0.19% month-on-month and up 2.59% year-on-year. The average price per square meter of second-hand residential houses in 100 cities was 13691 yuan, down 0.75% month-on-month and down 7.26% year-on-year.

Analysis shows that in June, some core cities continued to launch high-quality improvement projects, and driven by these projects, the price of newly built residential houses in 100 cities continued to rise structurally. At the same time, the number of second-hand residential listings remained high, and the market was still 'buying volume with price'. The price of second-hand houses in 100 cities continued to adjust in June.

From the perspective of rental housing prices, driven by the graduation season of universities, the demand for housing rental in key cities in China increased in June, and the decline in housing rental prices was narrowed. The average rental price of residential houses in 50 cities across the country fell by 3.71% year-on-year.

The real estate market in different cities and regions shows significant differentiation. In the first half of this year, the real estate markets in core cities such as Beijing, Shanghai, and Shenzhen were active. According to statistics from the research center of China Zhongyuan Real Estate, the number of new house contracts in Beijing increased by 25% year-on-year as of June 28, 2025, while the number of second-hand residential contracts increased by 17.7% year-on-year. The market热度 remained at a high level in the past three years. According to data from the Shenzhen Leyou Family Research Center, the total number of new and second-hand residential contracts in Shenzhen increased by 38.8% year-on-year in the first half of the year. Among them, the number of new house contracts increased by 41.8% year-on-year, and the number of second-hand residential contracts increased by 36.6% year-on-year.

The China Index Academy states that it is expected that local governments at all levels will vigorously promote the implementation and effectiveness of policies already introduced in the second half of the year. In addition, financial support policies related to urban renewal are also expected to be continuously promoted. The overall real estate market in China is still in a state of fluctuation and adjustment, and it is predicted that the differentiation in urban markets in the second half of the year will continue. 'Good cities + good houses' possess structural opportunities, and further policy efforts are still needed for the market to stop falling and stabilize.