According to a report from China Index Academy, in the first half of 2024, the second-hand housing market continued the trend of "exchange price for volume", and the prices of second-hand housing in 100 cities fell by a cumulative total of 3.61%, with a continuous decline of 26 months. The number of cities that fell on a month-on-month basis has exceeded 90 cities for 13 consecutive months. Driven by the entry of improved properties into the market, the prices of new homes in 100 cities have cumulatively increased by 1.24%. In the first half of the year, the sales performance of new homes was weak. The sales area of new commodity residences in the key 100 cities decreased by about 40% on a year-on-year basis. In June, due to the decline in the base number and the effect of policies, the year-on-year decline in transaction area narrowed to about 20%.