Real estate was down significantly from January to November according to November monthly release of the National Bureau of Statistics on December 12, 2008. While investment by developers went up by 22.22% comparing to same period last year, house sales were down by 20.6% and new mortgages down by 25.6%.
Source: Xinhua, December 12, 2008
http://news.xinhuanet.com/house/2008-12/12/content_10492305.htm