China’s housing market showed no sign of recovery in May 2026, with average house prices falling 3.5% year-on-year, matching the annual decline recorded in April. The data, updated on 16 June 2026, underscore persistent weakness in the country’s property sector despite ongoing efforts to stabilize the market.
On a year-over-year basis, the indicator has now registered a 3.5% drop for two consecutive months, comparing prices in both April and May 2026 to the same months a year earlier. The lack of improvement suggests that downward pressure on residential real estate values remains entrenched, raising continued concerns for a sector that plays a key role in China’s broader economic outlook.
The flat progression from April’s -3.5% to May’s -3.5% may indicate that price declines are stabilizing at a lower level, but without a clear sign of rebound. Investors and policymakers will be watching upcoming data closely for any shift in the trajectory of China’s housing market in the second half of the year.
