China Home Prices Rose on Month in June in 55 of 70 Cities Vs. 62 in May

BEIJING--Home-price growth in China slowed slightly in June, as fewer cities reported price growth amid Beijing's ramped-up efforts to tame the market.

Prices of new homes rose in 55 of 70 cities in June vs. May, down from the 62 cities showing price rises a month earlier, the National Bureau of Statistics said Thursday.

Average new-home prices rose 0.41% in June from the previous month, compared with a 0.51% increase in May.

Compared with a year earlier, the average rose 4.3% in June vs. a 4.5% increase in May. New home prices rose in 60 of 70 cities on year in June, down from 62 in May.

Overall, home prices were steady, with downtrends in some cities, said Sheng Guoqing, chief statistician at the statistics bureau's urban division.

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