China's property market was stable in March as prices barely changed. That's according to fresh data released by the National Bureau of Statistics. Let's take a look.

New home prices rose in March from February in 55 cities among 70 surveyed by the statistics authority. Prices in five cities remained unchanged and dropped in 10. The change in prices was limited, ranging from 2.1 percent at the top to minus 0.4 percent in bottom. The pre-owned housing market showed similar patterns. Cities where prices rose outnumbered that with a decrease while price changes were also limited to a narrow range between 2.1 percent to minus 0.6 percent.

XU XIAOLE, ANALYST HOMELINK "The market in general is stable but there has been some divergence."

The divergence according to Xu is a rotation in increases. Prices dropped in cities where the markets surged during the last round of the boom. Meanwhile, those cities where markets stayed relatively calm saw an increase.

XU XIAOLE, ANALYST HOMELINK "Cities such as Dalian where the market was rather sluggish saw a significant increase. That's because of a low comparative base."

Xu also pointed out that the capital city of Hainan province was the top gainer in price growth. He said the housing market in the entire province could be worth some attention.