According to data from the National Bureau of Statistics, in October, among 70 large and medium-sized cities, the sales prices of commodity residences in various first-tier cities either narrowed the month-on-month decline or turned to an increase, while the year-on-year decline became more stable, further improving expectations for the real estate market. In October, the sales prices of new commodity residences in first-tier cities decreased by 0.2% month-on-month, narrowing the decline by 0.3 percentage points compared to the previous month. Among them, shanghai and shenzhen rose by 0.3% and 0.1% respectively, while peking and guangzhou both declined by 0.7%. The sales prices of second-hand residences in first-tier cities changed from a month-on-month decline of 1.2% last month to an increase of 0.4%, the first increase in nearly 13 months. Among them, peking, shanghai, and shenzhen rose by 1.0%, 0.2%, and 0.7% respectively, while guangzhou declined by 0.4%. In October, the sales prices of new commodity residences in second-tier cities decreased by 0.5% month-on-month, narrowing the decline by 0.2 percentage points compared to the previous month; second-hand residences decreased by 0.4% month-on-month, with the decline narrowing by 0.5 percentage points. In third-tier cities, the sales prices of new commodity residences decreased by 0.5% month-on-month, with the decline narrowing by 0.2 percentage points; second-hand residences decreased by 0.6% month-on-month, with the decline narrowing by 0.3 percentage points. In October, among the 70 large and medium-sized cities, there were 7 cities where the sales prices of new commodity residences increased month-on-month, an increase of 4 compared to the previous month; there were 8 cities where second-hand residences increased month-on-month, an increase of 8 compared to the previous month.