2015-06-30

CREIS: New Home Prices Rise 0.56% in June

53 cities up, 46 down and 1 flat. 15 cities saw prices rise more than 1%. Number of cities falling more than 1% fell to 12.

Here is your bifurcation headline number: the median new home price increased 1.03% in June.

The bottom cities were not no names. Rizhao, Jinan (both in Qingdao), Kunming, Urumqi, Sanya were among the cities with the largest price declines.

Among the winners that aren't top 10 cities: Lanzhou, Baoding, Kunshan and Xiamen.

Shenzhen is still blowing away the competition, up 6.58% in June. It is now pricier than Shanghai. Existing home prices in Shenzhen increased 8.6% in June. Shenzhen home prices are up 13.7% over last year.

Source: 2015年6月中国房地产指数系统百城价格指数报告

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