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Market
Will the volume of home sales in China increase, stay the same, or decrease over the next 6 months?
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Resolution / Starting Odds
Increase • 33%
No Change • 33%
Decrease • 33%
China National Bureau of Statistics
Story
China's Home Prices Decline Faster in May, New Home Prices Down 3.9% Y/Y
Jun 17, 2024, 01:32 AM
China's new home prices in May fell by 0.71% month-over-month, a steeper decline compared to the previous month's drop of 0.58%. Used home prices also saw a significant decrease, falling by 1.00% month-over-month, compared to a 0.94% decline in April. Year-over-year, new home prices dropped by 3.9%, exceeding the previous year's decline of 3.1%. These figures indicate a faster rate of decline in both new and used home prices compared to the previous month. The year-over-year forecast was not provided.
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