新房环比连跌四周

Report Industry Investment Rating - Not provided in the content Core Viewpoints - The real - estate market shows a mixed performance in the week from April 18 - 24, 2025. The second - hand housing market has a slight recovery in some areas, while the new housing market continues to decline [1][3] - There are significant differences in the performance of different - tier cities in both the second - hand and new housing markets [2][3] Summary by Related Catalogs Second - hand Housing Market - 15 - city overall situation: The weekly transaction area of second - hand housing in 15 cities increased by 2% week - on - week this week (April 18 - 24), after three consecutive weeks of decline. The year - on - year growth was 21%, and the monthly growth from April 1 - 24 was also 21%. The performance was slightly weaker than the same period last year [1] - City - tier performance: Beijing, Shanghai, and Shenzhen's weekly transaction area decreased by 2% week - on - week, with Shanghai and Shenzhen down 6% and 7% respectively, and Beijing up 5%. Second - tier cities increased by 5% week - on - week, and third - tier cities increased by 8% week - on - week. Year - on - year, Beijing, Shanghai, and Shenzhen increased by 29% (with the growth rate narrowing), second - tier cities increased by 17% (with the growth rate expanding), and third - tier cities increased by 15% (with the growth rate expanding) [2] - Specific city performance: In Beijing, Shanghai, and Shenzhen, the monthly growth from April 1 - 24 was 22%, 39%, and 51% respectively. Hangzhou's second - hand housing transaction area decreased by 3% week - on - week for four consecutive weeks, and Chengdu's increased by 4% week - on - week for three consecutive weeks [15] New Housing Market - 50 - city overall situation: The weekly transaction area of new housing in 50 cities decreased by 3% week - on - week, for the fourth consecutive week. The decline was narrower than last week. The year - on - year decline was 20% compared to 2024 and 51% compared to 2023. The monthly decline from April 1 - 24 was 15% compared to the past two years [3] - City - tier performance: Beijing, Shanghai, and Shenzhen's weekly transaction area increased by 7% week - on - week, with Beijing and Shanghai up 24% and 6% respectively, and Shenzhen down 13%. Second - tier and third - tier cities decreased by 5% and 11% week - on - week respectively. Year - on - year, Beijing, Shanghai, and Shenzhen decreased by 25%, second - tier cities decreased by 15%, and third - tier cities decreased by 25% [3] - Specific city performance: In Beijing and Shanghai, the monthly decline from April 1 - 24 was 10% and 20% respectively, and Shenzhen was basically flat. Hangzhou's new housing transaction area increased by 4% week - on - week after three consecutive weeks of decline, and Chengdu's decreased by 9% week - on - week for three consecutive weeks [15] Housing Price Observation - Second - hand housing price: From April 14 - 20, the weekly listing prices of second - hand housing in Beijing, Shanghai, and Shenzhen decreased by 0.3%, 0.02%, and 0.23% respectively week - on - week. Compared with the week before the "924" policy last year, they still decreased by 4.2%, 0.5%, and 2.4% respectively [38]