China’s housing market free-falls as buyers wait for floor prices

China’s home prices continued to fall in the first half of 2026 as buyers held back, betting that values would drop farther. With sales volumes and prices both in decline, analysts see little sign of a near-term recovery.

Data released on Wednesday by the China Index Academy showed that secondary-market home prices across 100 major Chinese cities fell 0.42% month-on-month in June, to an average of 12,639 yuan (US$1,750) per square meter. Of those cities, 88 recorded declines while only 12 saw gains.

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