Table 1. Summary statistics of pre-owned...

Table 1.

Summary statistics of pre-owned residential housing price indices of ten major cities in China for the period 3M2012–5M2020

City	Series	Min.	1st	5th	Mean	Median		95th	99th	Max.	Skewness	Kurtosis	Jarque–
City	Series	Min.	percentile	percentile	Mean	Median	SD	percentile	percentile	Max.	Skewness	Kurtosis	Bera (%)
Beijing	Price	4480.0000	4518.7100	4726.2000	6955.2121	7127.0000	1285.0890	8446.6500	8634.1800	8643.0000	−0.2701	1.6104	1.9119
Beijing	First difference	−125.0000	−120.6800	−81.6000	36.4796	40.5000	81.9017	183.8000	300.0800	338.0000	0.6792	4.3601	0.6633
Shanghai	Price	4477.0000	4493.1700	4647.4500	7085.0202	7819.0000	1424.2927	8578.6500	8605.5100	8606.0000	−0.3840	1.5493	1.2853
Shanghai	First difference	−385.0000	−238.1200	−46.6000	40.5714	33.0000	79.7011	166.0000	313.1600	353.0000	−0.5495	12.3049	<0.1000
Tianjing	Price	2447.0000	2451.4100	2487.9500	3785.1919	3722.0000	889.7638	5087.2000	5250.3200	5266.0000	0.0234	1.4446	1.6156
Tianjing	First difference	−192.0000	−150.7200	−75.4000	18.9592	13.5000	62.9239	142.8000	184.5600	186.0000	0.2451	4.1967	3.3211
Chongqing	Price	1210.0000	1212.9400	1261.4000	1521.0404	1441.0000	188.3386	1835.8500	1896.6300	1903.0000	0.3541	1.8370	2.7022
Chongqing	First difference	−83.0000	−59.4800	−22.0000	4.7755	3.5000	18.3407	38.2000	54.1600	58.0000	−0.5223	8.1308	<0.1000
Shenzhen	Price	3524.0000	3527.9200	3692.9500	6927.5455	8235.0000	1976.2603	9084.9500	9372.1600	9429.0000	−0.4152	1.4998	1.0689
Shenzhen	First difference	−128.0000	−91.0400	−29.8000	60.2551	46.0000	94.4175	211.8000	495.2400	501.0000	2.4024	11.3346	<0.1000
Guangzhou	Price	2622.0000	2626.4100	2747.0000	4287.0707	3855.0000	1029.9256	5662.8000	5724.5900	5729.0000	0.1615	1.5242	1.8174
Guangzhou	First difference	−137.0000	−99.0800	−34.6000	29.1224	20.0000	49.0815	130.2000	150.0000	150.0000	0.2904	3.9554	5.5373
Hangzhou	Price	3412.0000	3423.7600	3504.1500	4516.0808	3958.0000	964.5214	5919.4500	6067.6500	6075.0000	0.4022	1.3989	0.8820
Hangzhou	First difference	−190.0000	−147.7600	−57.0000	23.1327	14.5000	60.8186	126.8000	166.8800	176.0000	0.0349	3.7869	19.0631
Nanjing	Price	2278.0000	2289.7600	2385.7000	3827.3737	3716.0000	986.0573	5182.6000	5209.1600	5217.0000	0.0338	1.4962	1.8428
Nanjing	First difference	−328.0000	−185.4400	−21.4000	29.9898	25.0000	58.0335	93.4000	254.0400	339.0000	−0.6255	24.1061	<0.1000
Wuhan	Price	1292.0000	1300.8200	1349.8500	2188.9091	1904.0000	690.1899	3096.0000	3111.0600	3114.0000	0.1864	1.2693	0.9304
Wuhan	First difference	−35.0000	−27.3200	−13.6000	17.1939	12.0000	25.7789	67.4000	103.0800	117.0000	1.1776	4.6712	<0.1000
Chengdu	Price	1599.0000	1603.9000	1688.5500	2155.8586	1879.0000	441.8700	2874.4000	2956.6100	2962.0000	0.5051	1.5454	0.9291
Chengdu	First difference	−145.0000	−98.9200	−39.0000	10.9184	9.0000	31.5185	67.0000	86.2800	93.0000	−0.7713	8.3599	<0.1000

City	Series	Min.	1st	5th	Mean	Median		95th	99th	Max.	Skewness	Kurtosis	Jarque–
City	Series	Min.	percentile	percentile	Mean	Median	SD	percentile	percentile	Max.	Skewness	Kurtosis	Bera (%)
Beijing	Price	4480.0000	4518.7100	4726.2000	6955.2121	7127.0000	1285.0890	8446.6500	8634.1800	8643.0000	−0.2701	1.6104	1.9119
Beijing	First difference	−125.0000	−120.6800	−81.6000	36.4796	40.5000	81.9017	183.8000	300.0800	338.0000	0.6792	4.3601	0.6633
Shanghai	Price	4477.0000	4493.1700	4647.4500	7085.0202	7819.0000	1424.2927	8578.6500	8605.5100	8606.0000	−0.3840	1.5493	1.2853
Shanghai	First difference	−385.0000	−238.1200	−46.6000	40.5714	33.0000	79.7011	166.0000	313.1600	353.0000	−0.5495	12.3049	<0.1000
Tianjing	Price	2447.0000	2451.4100	2487.9500	3785.1919	3722.0000	889.7638	5087.2000	5250.3200	5266.0000	0.0234	1.4446	1.6156
Tianjing	First difference	−192.0000	−150.7200	−75.4000	18.9592	13.5000	62.9239	142.8000	184.5600	186.0000	0.2451	4.1967	3.3211
Chongqing	Price	1210.0000	1212.9400	1261.4000	1521.0404	1441.0000	188.3386	1835.8500	1896.6300	1903.0000	0.3541	1.8370	2.7022
Chongqing	First difference	−83.0000	−59.4800	−22.0000	4.7755	3.5000	18.3407	38.2000	54.1600	58.0000	−0.5223	8.1308	<0.1000
Shenzhen	Price	3524.0000	3527.9200	3692.9500	6927.5455	8235.0000	1976.2603	9084.9500	9372.1600	9429.0000	−0.4152	1.4998	1.0689
Shenzhen	First difference	−128.0000	−91.0400	−29.8000	60.2551	46.0000	94.4175	211.8000	495.2400	501.0000	2.4024	11.3346	<0.1000
Guangzhou	Price	2622.0000	2626.4100	2747.0000	4287.0707	3855.0000	1029.9256	5662.8000	5724.5900	5729.0000	0.1615	1.5242	1.8174
Guangzhou	First difference	−137.0000	−99.0800	−34.6000	29.1224	20.0000	49.0815	130.2000	150.0000	150.0000	0.2904	3.9554	5.5373
Hangzhou	Price	3412.0000	3423.7600	3504.1500	4516.0808	3958.0000	964.5214	5919.4500	6067.6500	6075.0000	0.4022	1.3989	0.8820
Hangzhou	First difference	−190.0000	−147.7600	−57.0000	23.1327	14.5000	60.8186	126.8000	166.8800	176.0000	0.0349	3.7869	19.0631
Nanjing	Price	2278.0000	2289.7600	2385.7000	3827.3737	3716.0000	986.0573	5182.6000	5209.1600	5217.0000	0.0338	1.4962	1.8428
Nanjing	First difference	−328.0000	−185.4400	−21.4000	29.9898	25.0000	58.0335	93.4000	254.0400	339.0000	−0.6255	24.1061	<0.1000
Wuhan	Price	1292.0000	1300.8200	1349.8500	2188.9091	1904.0000	690.1899	3096.0000	3111.0600	3114.0000	0.1864	1.2693	0.9304
Wuhan	First difference	−35.0000	−27.3200	−13.6000	17.1939	12.0000	25.7789	67.4000	103.0800	117.0000	1.1776	4.6712	<0.1000
Chengdu	Price	1599.0000	1603.9000	1688.5500	2155.8586	1879.0000	441.8700	2874.4000	2956.6100	2962.0000	0.5051	1.5454	0.9291
Chengdu	First difference	−145.0000	−98.9200	−39.0000	10.9184	9.0000	31.5185	67.0000	86.2800	93.0000	−0.7713	8.3599	<0.1000

Source: Table by authors

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