CRIC Real Estate Research: From January to July, the transaction area of newly constructed commercial residential properties in 50 key cities across the country decreased by 10.9% year-on-year, and the overall market continues to stabilize at a low point.

According to the Zhitong Finance APP, CRIC Research published that from January to July 2026, the sales area of newly built commodity residential properties in 50 key cities across the country was approximately 82.99 million square meters, a cumulative year-on-year decline of 10.9%, and the total market volume continues to bottom out. However, under the total volume contraction, the structure has already been rewritten. Breaking down the sales by area segment: the proportion of demand from first-time buyers has decreased, while the proportion of demand for improvement has increased, forming the clearest structural mainline in nearly three years.