According to data released by the National Bureau of Statistics on the 16th, overall, the month on month decline in sales prices of commercial residential properties in 70 large and medium-sized cities continued to narrow in February; The sales prices of newly-built residential properties have increased or remained stable compared to the previous month, with an increase in the number of cities compared to the previous month. Experts say that the housing prices in 70 large and medium-sized cities, especially the first tier cities that serve as indicators, have shown a trend of stabilizing month on month, releasing a positive signal that the real estate market is further stabilizing. According to the National Bureau of Statistics, in February, the sales prices of newly-built residential properties in first tier cities decreased by 0.3% compared to the previous month and remained stable. Among them, Beijing and Shanghai both rose by 0.2%, Guangzhou remained flat, and Shenzhen fell by 0.3%. 2、 The sales prices of newly-built commercial residential properties in third tier cities decreased by 0.2% and 0.3% respectively month on month, with the decline narrowing by 0.1 percentage points. Li Yujia, Chief Researcher of Guangdong Housing Policy Research Center, stated that the month on month decline of new houses in first tier cities has turned flat, marking the first time since May 2025 that the month on month decline has stopped. This is the result of both endogenous market forces and external policy effects. The trend of "reverse Chinese New Year" during the Spring Festival holiday has driven the enthusiasm for property viewing in first and second tier hot cities, and the continuous supply of "good houses" projects before the holiday has maintained market heat; At the same time, developers' willingness to lower prices for promotions after achieving full year performance has decreased, causing the decline in new house prices to begin to narrow. From the perspective of second-hand housing, in February, the sales prices of second-hand residential properties in first tier cities decreased by 0.1% month on month, narrowing the decline by 0.4 percentage points compared to the previous month. Among them, Beijing and Shanghai rose by 0.3% and 0.2% respectively. 2、 The sales prices of second-hand residential properties in third tier cities decreased by 0.4% and 0.5% respectively month on month, with the decline narrowing by 0.1 percentage points. Since the end of last year, more than 100 real estate regulation policies have been issued in various regions. Taking Beijing as an example, Gao Yuan, the director of Beijing Lianjia Research Institute, said that at the end of last year, Beijing launched a new round of policy optimization, optimizing and adjusting housing purchase restrictions, housing provident fund and commercial loan policies, effectively releasing rigid and improved housing demand. In January and February of this year, Beijing's real estate market made a strong push, with multiple regions leading the way in recovery. The scale of online signing for second-hand residential properties exceeded 23000 units, which is more than 2000 units higher than the average online signing scale of the same period in the past decade. In terms of the number of cities, in February, the number of cities where new house prices increased or stopped falling compared to the previous month was 17, an increase of 9 compared to the previous month; The number of cities experiencing a month on month decline in second-hand housing has dropped to 66, a decrease for two consecutive months. The trend of housing price changes in 70 large and medium-sized cities indicates that the real estate market is gradually breaking away from a unilateral downward trend, which is the result of a combination of factors such as sustained policy efforts, diverse economic highlights, and relatively sufficient market adjustments. ”Yu Xiaofen, Dean of the China Housing and Real Estate Research Institute at Zhejiang University of Technology, stated that core cities such as Beijing and Shanghai have taken the lead in stabilizing, playing a leading role in the recovery of the national real estate market. However, it should also be noted that many second - and third tier cities are still in a downward trend compared to the previous period, and the decline in some cities has expanded, reflecting the complexity of industry adjustments. The overall market recovery still faces challenges such as weak demand, inventory pressure, and urban differentiation. The synchronous release of stable signals in the prices of new and second-hand houses has laid the foundation for a 'small spring' in the real estate market, and the short-term trend of stable housing prices is clear. ”Li Yujia said that March and April are the traditional peak sales season for the real estate market. With the increase in the supply of cost-effective "good houses" projects in the new housing market and the continued promotion policies, the effective supply of new houses will activate the demand for housing exchange, drive a virtuous cycle of new and second-hand houses, and further consolidate the trend of stabilizing housing prices. (New Society)