China second-hand home prices fall 6.72% in October 2026
Across 100 Chinese cities, second-hand homes averaged 12,376 yuan per square metre in October, -6.72% on the year, while new-build prices still rose.
The facts
- Second-hand homes across the 100-city index averaged 12,376 yuan per square metre in October 2026, a change of -6.72% against October 2025 and -0.61% against September.
- New-build homes in the same index averaged 17,316 yuan per square metre, up 2.02% on the year and 0.18% on the month.
- Of the 100 cities, 99 recorded a monthly fall in second-hand prices and one, Zhaoqing, recorded a rise of 0.24%.
- On the new-build side 39 cities rose and 61 fell over the month, with Ningbo the strongest at 21,282 yuan per square metre and Foshan the weakest at 13,370 yuan.
- The median new-build price across the 100 cities was 9,735 yuan per square metre and the median second-hand price 9,322 yuan.
What it means for your money
- Entering a Chinese city is getting cheaper on resale stock, while new-build asking levels are not following it down.
- The two segments price in different markets: new-build at 17,316 yuan per square metre and still rising, second-hand at 12,376 yuan and falling, so the gap sits between what a buyer pays on entry and what the same flat fetches on exit.
- Resale discount is the norm rather than a local accident, with 99 of the 100 cities down over the month, which is a liquidity signal as much as a price one.
What to watch
- The index publisher's own data page carries no printed release date; the date comes from the outlets that carried the release.
- This is an average transaction-price series from a private index system, not the official national statistical price index.
- Whether Zhaoqing, the single city still rising on the second-hand side, holds that position next month.
Sources: China Index Academy https://fdc.fang.com/index/; Securities Times via NetEase https://www.163.com/dy/article/LALE5A41053469RG.html; SteelOrbis https://www.steelorbis.com/steel-news/latest-news/new-house-prices-in-100-chinese-cities-up-202-percent-in-october-2026-1487503.htm