---
title: "National Bureau of Statistics: Sales Prices of Commodity Residential Housing in First, Second, and Third-Tier Cities Declined Year-on-Year in March"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282919140.md"
description: "Data released by the National Bureau of Statistics shows that in March 2023, sales prices for new commodity residential housing in first-tier cities fell 2.2% year-on-year, matching the previous month's rate. Specifically, Shanghai rose 3.7%, while Beijing, Guangzhou, and Shenzhen declined by 2.1%, 4.7%, and 5.5%, respectively. Sales prices in second-tier cities dropped 3.3% year-on-year, with the decline widening by 0.2 percentage points; third-tier cities saw a 4.0% year-on-year decrease, unchanged from the prior month"
datetime: "2026-04-16T01:32:24.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282919140.md)
  - [en](https://longbridge.com/en/news/282919140.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282919140.md)
---

# National Bureau of Statistics: Sales Prices of Commodity Residential Housing in First, Second, and Third-Tier Cities Declined Year-on-Year in March

In March, sales prices for new commodity residential housing in first-tier cities fell 2.2% year-on-year, with the decline remaining unchanged from the previous month. Among them, Shanghai rose 3.7%, while Beijing, Guangzhou, and Shenzhen declined by 2.1%, 4.7%, and 5.5%, respectively. Sales prices for new commodity residential housing in second-tier cities decreased 3.3% year-on-year, with the decline widening by 0.2 percentage points. In third-tier cities, sales prices for new commodity residential housing fell 4.0% year-on-year, with the decline unchanged from the prior month.

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