Tier-1 City Home Prices Climb for a Fourth Consecutive Month
Home prices in China's tier-1 cities have now risen for four straight months, according to the latest market readings — a streak that has reignited talk of a genuine bottom in the country's hardest-hit property segment.
Signals From the Ground
In Beijing, one homeowner's listing reportedly went under contract within five days of hitting the market, with the buyer signing the purchase agreement just three weeks later — a pace of transaction that would have been unthinkable during the 2022–2024 downturn.
What the Data Shows
- Tier-1 cities: 4 consecutive months of price gains
- Beijing: listings closing in as little as 5 days
- Buyers committing within 3 weeks of viewing
- Experts: prices may have bottomed out
Experts Call a Possible Bottom
Several property analysts now argue that tier-1 prices may have found a floor. Tight supply of quality second-hand inventory in prime districts, combined with lower mortgage rates and relaxed purchase limits, has tilted the balance toward sellers in core locations.
Confidence Returns — But Selectively
The recovery remains concentrated in tier-1 metros and premium segments. Lower-tier cities continue to lag, underscoring that the rebound is a confidence story anchored in China's most liquid, most desirable housing markets rather than a broad-based national turnaround.