The National Bureau of Statistics released housing price data for 70 large and medium-sized cities in February on the 17th. Affected by factors such as the off-season sales during the Spring Festival holiday, housing prices in various first tier cities remained stable and slightly decreased compared to the previous month in February. However, new housing prices in first tier cities continued to rise compared to the previous month. Analysts say that looking ahead, with the implementation of a series of heavyweight policies after the National People's Congress and the Chinese People's Political Consultative Conference, the real estate market is expected to heat up again in March and April. In February, there was a slight seasonal decline in housing prices, and the market continued to show a trend of differentiation. According to data from the National Bureau of Statistics, in February, the prices of new houses in first tier cities increased by 0.1% month on month, the same as the previous month; The price of second-hand houses has changed from a 0.1% increase last month to a 0.1% decrease. The prices of new houses in second tier cities have remained unchanged from a 0.1% increase last month; The price of second-hand houses decreased by 0.4% month on month, with a 0.1 percentage point increase in the decline compared to the previous month. The prices of new houses in third tier cities decreased by 0.3% month on month, with the decline widening by 0.1 percentage points; The price of second-hand houses decreased by 0.4% month on month, with the same decrease as last month. Zhang Bo, the director of 58 Anjuke Research Institute, said that there is no suspense about the recovery of the real estate market in first tier cities, and the fluctuations in the second-hand housing market will not change the trend of sustained recovery in first tier cities. In February, the prices of second-hand houses in first tier cities decreased, mainly reflected in the decline of transaction prices in Shanghai and Guangzhou. This was due to the increase in the proportion of small and medium-sized units in the transaction structure of second-hand houses compared to the previous month, as well as the active transaction of high age projects in the middle and low price ranges. The structural reasons for the transaction led to an overall decline in housing prices. Some hot second tier cities also showed strong recovery momentum. Nanjing's new housing prices have continued to lead 70 cities with a month on month increase of 0.7%. As of this month, Nanjing's new housing prices have been rising for four consecutive months, and have been leading the way for three consecutive months, thanks to the increase in low-density luxury homes and fourth generation residential projects, which have improved demand release. "said Guan Rongxue, senior analyst at the Linping Residential Big Data Research Institute. New housing prices in many hot cities such as Dalian, Harbin, Nanchang, and Ningbo have also achieved positive month on month growth. But most third tier cities still face varying degrees of price adjustment pressure. Zhang Bo stated that market differentiation will continue, and the subsequent direction still needs to pay attention to various factors such as the further implementation of policies, changes in the macroeconomic environment, and the recovery of consumer confidence. Outlook for the future: The "little spring" in March and April is expected. February is the traditional off-season for the real estate industry. Will the real estate market heat up again after the off-season? Zhang Dawei, Chief Analyst of Zhongyuan Real Estate, stated that the real estate market has experienced a "warm winter" since September 2024, and in the following months, there have been continuous measures to stop the decline and stabilize the real estate market. Some cities have shown signs of stabilization, and market confidence has rebounded. Overall, the real estate market needs more powerful policies He proposed that relevant departments should adhere to the principle of combining long and short, addressing both symptoms and root causes, and use a combination of policies to promote the stabilization and sustained healthy development of the real estate market from multiple aspects. The National People's Congress and Chinese People's Political Consultative Conference were held in early March, during which the government work report released strengthened the deployment of the real estate sector from multiple perspectives such as demand side, supply side, and destocking. The government work report proposes to continue to vigorously promote the real estate market to stop falling and stabilize. We will implement policies to reduce restrictive measures and strengthen the renovation of urban villages and dilapidated houses, fully unleashing the potential demand for rigid and improved housing. Optimize urban spatial structure and land use patterns, and reasonably control the supply of newly added real estate land. Revitalize existing land and commercial housing, promote the acquisition of existing commercial housing, and give urban governments greater autonomy in terms of acquisition entities, prices, and uses. Expand the scope of refinancing for affordable housing. Give full play to the role of the real estate financing coordination mechanism, continue to do a good job in ensuring the delivery of houses, and effectively prevent the risk of debt default of real estate enterprises. Systematically establish relevant foundational systems and accelerate the construction of a new model for real estate development. Adapt to the high-quality living needs of the people, improve standards and regulations, and promote the construction of safe, comfortable, green, and smart "good houses". Zhang Dawei stated that with the implementation of a series of heavyweight policies after the National People's Congress and the Chinese People's Political Consultative Conference, the real estate market in various regions will experience a "little spring" in March, and the heat will continue until April. (New Society)