Middle Finger Research Institute: The average price of second-hand homes in 100 cities in August fell by 0.76% month-on-month, and the decline in first-tier cities narrowed.

According to the Zhitong Financial APP, data monitoring by the China Real Estate Research Institute shows that in August 2025, the average price of new residential properties in the top 100 cities was 16,910 yuan per square meter. With the introduction of improvement projects in some cities, the overall structure increased by 0.20% month-on-month and 2.73% year-on-year. As for the second-hand housing market, the trend of "trading volume for price" continues, with the average price of second-hand residential properties in the top 100 cities in August being 13,481 yuan per square meter, a 0.76% decrease compared to the previous month and a 7.34% decrease year-on-year.