According to CoinMeta, on October, the average rent for residential properties in 50 cities was 33.87 yuan per square meter per month, a decrease of 0.28% month-on-month and 2.02% year-on-year. With the decline in demand during the off-season, rental prices for residences have adjusted normally, with the decrease narrowing by 0.21 percentage points compared to September. Currently, the ratio of rent to property value continues to improve; in October, the average rent-to-value ratio in these 50 cities was 2.31%, which represents a rebound of 0.33 percentage points from the beginning of 2023.