Middle finger research: In June, the transaction area of newly built commercial residential buildings in the top 100 cities increased by 6% compared to the previous month, but decreased by 6% compared to the same period last year.

According to the data obtained from the Wisdom Finance and Economics APP, China Index Research has released the "June 2026 National Real Estate Market Monthly Report". Based on preliminary statistics from China Index, the transaction area of new commercial residential buildings in the 100 key cities increased by 6% month-on-month in June, but decreased by 6% year-on-year. Among them, the first-tier cities in June remained relatively stable year-on-year, with Shanghai and Shenzhen increasing by 2% and 42% respectively, while Beijing and Guangzhou decreased by 3% and 12% respectively. Second-tier cities like Nanjing and Ningbo saw year-on-year increases. Overall, in the first half of the year, the cumulative transaction area of new commercial residential buildings in 100 cities was about 110 million square meters, a decrease of 12% year-on-year. In June, the transaction volume of second-hand residential buildings in 20 cities was 133,000 units, a decrease of 5.5% month-on-month, but an increase of 12.6% year-on-year. The increase in June was 6.1 percentage points lower than the previous month, indicating continued strong activity in the second-hand housing market. In the first half of the year, the cumulative transaction volume of second-hand residential buildings in 20 cities was 761,000 units, an increase of 5.6% year-on-year, showing stable demand release.