China's housing market cools in November: report

BEIJING -- China's housing market showed signs of cooling down in November, data from a recent report showed.

An index indicating the search for housing nationwide dropped 3 percent in November from one month earlier, according to a report jointly released by online marketplace 58.com and housing information platform anjuke.com.

Specifically, the index for first-tier cities declined 2.4 percent from October, while that for second-tier cities decreased 2.9 percent, the report said.

Third- and fourth-tier cities saw a 3.3-percent decline.

The housing prices in 67 major cities averaged 16,420 yuan ($2,506) per square meter last month, according to the report's online monitoring results.