AsianFin -- The volume of unsold properties across China declined for the sixth consecutive month in August, signaling further signs of recovery in the real estate market.

Total unsold property area stood at 761.7 million square meters as of Aug. 31, down 3.2 million sqm from July, according to data released by the National Bureau of Statistics (NBS) on Monday. Residential inventory accounted for 402.3 million sqm, a decrease of 3.1 million sqm.

Despite the month-on-month improvement, both figures were still higher than a year earlier, with total unsold properties up 3.1 percent and residential units up 5.4 percent, NBS data showed.