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flag China's housing market showed stabilization in February 2026, with smaller price drops in major cities, especially first-tier cities where new home prices were flat.

flag China's housing market showed signs of stabilization in February 2026, with price declines in 70 major cities narrowing month on month, particularly in first-tier cities where new home prices were flat, improving from January's drop. flag Second-hand prices also declined less sharply. flag Seventeen cities saw stable or rising new home prices, nine more than in January. flag However, year-on-year declines continued, with first-tier cities down 2.2% on new homes and third-tier cities down 4%. flag The government reaffirmed its commitment to stabilizing the sector through city-specific policies, including reducing inventory, improving housing quality, and supporting first-time buyers.

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