China's new home prices saw a 0.2% dip in May from April, marking a steeper decline and a 3.5% year-on-year fall. While larger cities show signs of stabilization with price increases, smaller cities continue to experience falling prices. Property sales and investment also declined more sharply in the first five months of the year.

China home prices fell faster in May 2026, ending a brief stabilization. The 34-month downturn deepens with implications for global risk assets and crypto.

China's home prices continued their downward spiral in May, deepening a property crisis that remains a significant drag on domestic demand.