China Home Price Decline Steady in November

In November, home prices declined at nearly the same rate as in October. CREIS report shows prices fell 0.38% nationally, down from the 0.40% drop in October. 76 out of 100 cities saw prices fall in November, that is an increase of 3 from October. Year on year price declines are obviously climbing; in November the yoy drop reached 1.57%. The number of cities with large declines or increases was relatively steady. The overall read from the report is no significant improvement or deterioration in November.

Data columns left to right: average price per sqm; change in average price; change in median price. Chart 2 is the top 10 cities' new home data, Chart 3 the same 10 cities' existing homes sales.

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