New-home prices in China’s 70 major cities fell -0.41% MoM in September, the sharpest drop in 11 months.

BREAKING: New-home prices in China’s 70 major cities fell -0.41% MoM in September, the sharpest drop in 11 months.

This marks the 29th-consecutive monthly decline.

At the same time, used-home prices fell -0.64% MoM, marking the largest drop in a year.

All 70 cities recorded… pic.twitter.com/eYKDreEvb1

— The Kobeissi Letter (@KobeissiLetter) October 22, 2025