In February, the month-on-month price decline in 70 cities continued to narrow, with second-hand house prices in Beijing and Shanghai leading the turnaround from falling to rising.

On March 16th, the National Bureau of Statistics released the changes in the sales prices of commercial residential properties in 70 large and medium-sized cities in February 2026. The data shows that the month-on-month decline in the sales prices of commercial residential properties in 70 large and medium-sized cities continued to narrow. At the same time, the number of cities with rising prices for new homes expanded, and the second-hand housing market showed signs of stabilizing and recovering. The second-hand housing prices in Beijing and Shanghai were the first to stop falling and start to rise.