Economic Daily: The effectiveness of destocking in the real estate market is beginning to show.

The article points out that according to the data from the National Bureau of Statistics, as of the end of March 2026, the area of unsold commercial housing was 78.601 million square meters, a year-on-year decrease of 0.1%, marking the first year-on-year decrease in 52 months for this data. In particular, the area of newly built commercial housing unsold for less than 3 years saw a year-on-year decrease of 1.8%, indicating that the inventory formed in the past 3 years is being absorbed by the market. Since the beginning of this year, some cities' real estate markets have shown signs of recovery, with expectations for improvement and stabilization in the real estate market. The improvement in the macroeconomic situation in the first quarter is favorable for the growth of residents' income and the improvement of the employment situation, and these positive factors at the macro level also bode well for the stabilization of the real estate market.