Charts of the Day: Second-Hand Home Prices Take a Hit in More Chinese Cities

The number of Chinese cities that suffered a drop in existing homes prices rose last month to a number not seen since March 2015, official data showed.

The data provides a broader view of the state of the Chinese real estate market in larger cities as second-hand homes are subject to fewer sales and purchasing restrictions than newly built units.

In October, 35 of 70 large and midsize cities saw a month-on-month decline in second-hand home prices, seven more than in September, according to data released on Nov. 15 by the National Bureau of Statistics.

Of China’s four first-tier cities, the prices of second-hand homes in October fell from the previous month in all but one — Shenzhen. In Beijing, Shanghai and Guangzhou, the price slipped 0.62%, 0.14% and 0.2%, respectively, the data showed.

Contact reporter Timmy Shen (hongmingshen@caixin.com, Twitter: @timmyhmshen) and editor Michael Bellart (michaelbellart@caixin.com)