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National Bureau of Statistics: In March, the sales prices of new commodity residential housing in first-tier cities rose month-on-month, while the decrease in second and third-tier cities narrowed or remained the same. In March 2026, among the 70 large and medium-sized cities, the sales prices of new commodity residential housing in first-tier cities rose month-on-month, while the decrease in second and third-tier cities narrowed or remained the same. The number of cities where the prices of new commodity residential housing and second-hand housing rose month-on-month increased compared to the previous month. 1. The sales prices of new commodity residential housing in first-tier cities rose month-on-month, while the decrease in second and third-tier cities narrowed or remained the same. In March, the sales prices of new commodity residential housing in first-tier cities rose by 0.2% from the previous month. Specifically, prices remained stable in Beijing, while Shanghai, Guangzhou, and Shenzhen increased by 0.3%, 0.3%, and 0.2% respectively. The sales prices of new commodity residential housing in second and third-tier cities decreased by 0.2% and 0.3% respectively, with the decrease staying the same as the previous month. Among the 70 large and medium-sized cities, there were 14 cities where the prices of new commodity residential housing rose month-on-month, an increase of 4 from the previous month. 2. In March, the sales prices of second-hand housing in first-tier cities rose by 0.4% month-on-month, compared to a decrease of 0.1% the previous month. Specifically, Beijing, Shanghai, Guangzhou, and Shenzhen increased by 0.6%, 0.4%, 0.2%, and 0.4% respectively. The sales prices of second-hand housing in second and third-tier cities decreased by 0.2% and 0.4% respectively, with the decrease narrowing by 0.2 and 0.1 percentage points compared to the previous month. Among the 70 large and medium-sized cities, there were 13 cities where the prices of second-hand housing rose month-on-month, an increase of 11 from the previous month. 3. The sales prices of new commodity residential housing in first, second, and third-tier cities decreased year-on-year in March. The sales prices of new commodity residential housing in first-tier cities decreased by 2.2% year-on-year, the same decrease as the previous month. Shanghai saw a rise of 3.7%, while Beijing, Guangzhou, and Shenzhen saw decreases of 2.1%, 4.7%, and 5.5% respectively. The sales prices of new commodity residential housing in second-tier cities decreased by 3.3% year-on-year, a widening of 0.2 percentage points. In third-tier cities, the sales prices of new commodity residential housing decreased by 4.0% year-on-year, the same decrease as the previous month. 4. In March, the sales prices of second-hand housing in first-tier cities decreased by 7.4% year-on-year, a narrowing of 0.2 percentage points compared to the previous month. Specifically, Beijing, Shanghai, Guangzhou, and Shenzhen saw decreases of 8.3%, 6.2%, 8.1%, and 7.0% respectively. The sales prices of second-hand housing in second-tier cities decreased by 6.2% year-on-year, the same as the previous month. In third-tier cities, the sales prices of second-hand housing decreased by 6.4% year-on-year, a widening of 0.1 percentage points.