China's home prices continue to ease in May

5月份中国房价继续回落中国5月房价延续降势，同比跌幅持续收窄​

BEIJING, June 16 (Xinhua) -- China's home prices in 70 large and medium-sized cities continued the downward trend in May, though the pace of decline slowed, the National Bureau of Statistics (NBS) said Monday.

北京6月17日电（新华社）​​ 国家统计局17日公布数据显示，2025年5月，中国70个大中城市房价延续下降态势，但​​同比降幅进一步收窄​​。

"In May, home prices in 70 major cities continued to fall on a yearly basis, but the pace of decline further eased," said NBS statistician Wang Zhonghua.

“5月份，70个主要城市的房价同比继续下降，但下降速度进一步放缓，”国家统计局统计师王中华说。国家统计局城市司首席统计师王中华指出："5月各线城市商品住宅销售价格环比下降，同比降幅继续收窄。"

New home prices in first-tier cities decreased by 1.7 percent year on year, narrowing by 0.4 percentage points compared to the previous month, according to the NBS data. Among these cities, Shanghai saw an increase of 5.9 percent, while Beijing, Guangzhou, and Shenzhen experienced declines of 4.3 percent, 5.8 percent, and 2.6 percent, respectively.

国家统计局数据显示，一线城市新房价格同比下降1.7%，降幅比上月收窄0.4个百分点。其中，上海增长5.9%，北京、广州和深圳分别下降4.3%、5.8%和2.6%。国家统计局数据显示，一线城市新建商品住宅销售价格同比下降1.7%，降幅比上月收窄0.4个百分点。其中上海上涨5.9%，北京、广州、深圳分别下降4.3%、5.8%、2.6%。

In second- and third-tier cities, new home prices fell by 3.5 percent and 4.9 percent year on year, with drops narrowing by 0.4 and 0.5 percentage points, respectively.

二三线城市新建商品住宅销售价格同比分别下降3.5%和4.9%，降幅比上月分别收窄0.4和0.5个百分点。

In May, prices of second-hand homes in first-tier cities declined by 2.7 percent year on year, a reduction of 0.5 percentage points from the previous month, according to the NBS. Specifically, Beijing, Shanghai, Guangzhou, and Shenzhen saw declines of 0.7 percent, 0.1 percent, 6.6 percent, and 3.2 percent, respectively.

国家统计局数据显示，5月份一线城市二手住宅销售价格同比下降2.7%，降幅较上月收窄0.5个百分点。其中北京、上海、广州和深圳分别下降0.7%、0.1%、6.6%和3.2%。

Meanwhile, second- and third-tier cities reported year-on-year decreases in prices of second-hand homes of 6.1 percent and 6.9 percent, with reductions narrowing by 0.4 and 0.5 percentage points, respectively.

同期二三线城市二手住宅销售价格同比分别下降6.1%和6.9%，降幅较上月分别收窄0.4和0.5个百分点。

NBS data also showed that home prices in 70 large and medium-sized cities dipped in May on a month-on-month basis.

国家统计局数据同时显示，5月70个大中城市新建商品住宅和二手住宅价格环比均下降