On March 16, the National Bureau of Statistics released the changes in sales prices of commercial residential properties in 70 large and medium-sized cities in March 2025. Wang Zhonghua, chief statistician of the Urban Department of the National Bureau of Statistics, said that in March 2025, the transaction activity of the housing market will increase, and the number of cities in which the sales price of commercial residential buildings will increase month on month in 70 large and medium-sized cities will increase; The sales prices of residential properties in first tier cities have increased month on month, while the overall decline in second - and third tier cities has narrowed; The year-on-year decline in all tier cities continues to narrow. 1、 The sales prices of commodity residential properties in first tier cities have increased month on month, while the overall decline in second and third tier cities has narrowed. In March, the sales prices of newly-built commodity residential properties in first tier cities increased by 0.1% month on month, with the same increase as last month. Among them, Shanghai and Shenzhen rose by 0.7% and 0.1% respectively, while Beijing and Guangzhou fell by 0.2% and 0.1% respectively. The sales price of second-hand residential properties in first tier cities has increased by 0.2% compared to the previous month, instead of a decrease of 0.1%. Among them, Beijing, Shanghai, and Shenzhen rose by 0.5%, 0.4%, and 0.3% respectively, while Guangzhou fell by 0.2%. In March, the sales prices of newly-built residential properties in second tier cities remained unchanged compared to the previous month; Second hand residential properties decreased by 0.2% month on month, narrowing the decline by 0.2 percentage points compared to the previous month. The sales price of newly-built commercial residential properties in third tier cities decreased by 0.2% month on month, with the decline narrowing by 0.1 percentage points; Second hand residential properties decreased by 0.3% month on month, narrowing the decline by 0.1 percentage points. In March, among 70 large and medium-sized cities, 24 cities saw a month on month increase in the sales prices of newly-built residential properties, an increase of 6 cities compared to the previous month; There are 10 cities where second-hand residential properties have increased month on month, an increase of 7 cities compared to last month. 2、 The year-on-year decline in sales prices of commodity residential properties in various tier cities continued to narrow in March, with newly built commodity residential properties in first tier cities falling by 2.8% year-on-year, a decrease of 0.2 percentage points from the previous month. Among them, Shanghai rose by 5.7%, while Beijing, Guangzhou, and Shenzhen fell by 5.7%, 7.2%, and 3.9% respectively. The sales prices of second-hand residential properties in first tier cities decreased by 4.1% year-on-year, narrowing the decline by 0.8 percentage points. Among them, Beijing, Shanghai, Guangzhou, and Shenzhen decreased by 2.1%, 1.4%, 8.7%, and 4.1% respectively. In March, the sales prices of newly-built residential properties and second-hand residential properties in second tier cities decreased by 4.4% and 7.0% year-on-year, respectively, narrowing the decline by 0.3 and 0.4 percentage points compared to the previous month. The sales prices of newly-built and second-hand residential properties in third tier cities decreased by 5.7% and 7.8% respectively year-on-year, with a decrease of 0.2 percentage points compared to the previous month. (New Society)