New Home Prices Fall 0.1% in April, But Larger Cities Increase 0.3%; Existing Home Prices Up Nationally

New home prices fell 0.1% in April, but the government statement says large and medium cities increased by 0.3%, believable given all the evidence of bifurcation. Shenzhen saw the largest increase at 1.8%. All four first tier cities increased in price, as did Tianjin, Wuhan, Nanjing, Hangzhou, Xiamen and, notably, Wenzhou.

Year over year, prices are down 6.3%.

Since 2010, average prices are up 7.5%.

March 2014: 4 cities saw declines in price mom, 10 cities were flat, 56 were up.
April: 8 cities saw declines in price mom, 18 cities were flat, 44 were up.
May: 35 cities saw declines in price mom, 20 cities were flat, 15 were up.
June: 55 cities saw declines in price mom, 7 cities were flat, 8 were up.
July: 64 cities saw declines in price mom, 4 cities were flat, 2 were up.
August: 68 cities saw declines in price mom, 1 city was flat, 1 was up.
September: 69 cities saw declines in price mom, 1 city was flat, 0 were up.
October: 69 cities saw declines in price mom, 1 city was flat, 0 were up.
November: 67 cities saw declines in price mom, 3 cities were flat, 0 were up.
December: 65 cities saw declines in price mom, 4 cities were flat, 1 was up.
January 2015: 65 cities saw declines in price mom, 3 cities were flat, 2 were up.
February: 66 cities saw declines in price mom, 2 cities were flat, 2 were up.
March: 49 cities saw declines in price mom, 9 cities were flat, 12 were up.
April: 47 cities saw declines in price mom, 5 cities were flat, 18 were up.

Existing home prices increased 0.1% in April. Prices are down 5.2% yoy. Since 2010, existing homes have only risen an average of 2.0%.

70 city new home price changes by market segment: below 90 sqm prices fell 0.1% mom; 90-144 sqm prices fell 0.1%; above 144 sqm prices fell 0.2%. The trend across market segments is the same for yoy and prices gains since 2010, with large homes only up an average of 5.2% since 2010 versus 9.8% for houses smaller than 90 sqm.

70 city existing home price changes by market segment: below 90 sqm prices increased 0.1% mom; 90-144 sqm prices climbed 0.1%; above 144 sqm prices were flat, up 0.0%. Existing homes larger than 144 sqm are down 0.9% on average since 2010. Existing homes smaller than 90 sqm are up only 3.1% since 2010.

Source: 2015年4月份70个大中城市住宅销售价格变动情况 and 国家统计局城市司高级统计师刘建伟解读4月份房价数据

Existing home prices, 90 sqm or less, price change since 2010:

Shenzhen	31.3
Guangzhou	21.5
Beijing	20.1
Shanghai	18.7
Guiyang	17.0
Zhengzhou	14.6
Changde	14.1
Xiamen	13.0
Urumqi	13.0
Taiyuan	12.8
Xiangyang	12.0
Xining	11.0
Pingdingshan	10.8
Luoyang	9.1
Hefei	8.4
Tianjin	8.2
Yueyang	8.2
Zunyi	8.1
Shenyang	7.5
Kunming	7.2
Nanchang	6.5
Wuhan	6.4
Yinchuan	6.0
Jining	5.6
Huizhou	5.4
Nanjing	4.2
Zhangjiang	4.1
Changsha	3.7
Dalian	3.5
Hohhot	3.2
Nanning	3.1
Yichang	3.0
Nanchong	2.2
Changchun	2.1
Wuxi	2.1
Luzhou	2.1
Beihai	1.8
Jiujiang	1.5
Bengbu	1.3
Shaoguan	0.8
Tangshan	0.7
Fuzhou	0.6
Jilin	0.6
Yangzhou	-0.1
Chengdu	-0.3
Shijiazhuang	-0.5
Dandong	-0.6
Qingdao	-0.7
Xi'an	-0.7
Guilin	-1.0
Yantai	-1.4
Jinan	-1.5
Dali	-1.7
Harbin	-1.8
Chongqing	-2.1
Qinhuangdao	-2.3
Baotou	-3.5
Lanzhou	-3.9
Anqing	-4.1
Xuzhou	-4.2
Hangzhou	-4.8
Sanya	-5.1
Ganzhou	-5.2
Jinhua	-6.5
Quanzhou	-6.9
Jinzhou	-8.0
Ningbo	-10.1
Haikou	-11.3
Mudanjiang	-11.3
Wenzhou	-23.1