The Zhitong Finance App learned that Kerry Real Estate Research shows that in the first half of 2026, total commercial residential inventories in the 50 key cities showed a downward trend for several consecutive quarters, but the elimination cycle did not decline but instead rose. By the end of June 2026, the total inventory of commercial housing in the country's 50 key cities was about 300 million square meters, down about 7.3% year on year, down about 23.3% from about 390 million square meters at the beginning of 2023, falling back to a three-year low; however, the removal cycle was still in the high range of 26.1 months, up 7.3 months from 18.8 months in January 2023. Looking ahead to the second half of the year, the supply side will continue the strategy of “determining production by sales”. The active promotion of core tier 1 and 2 cities is expected to be maintained, and weak second- and third-tier cities will further shrink and shift to stock removal; the policy side will continue to focus on “controlling growth, removing stocks, and improving supply,” and both supply and demand sides will work together to clear the market. However, in the end, substantial improvements in the elimination cycle will still depend on the reversal of residents' home purchase expectations and substantial restoration on the demand side.

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