克而瑞地产：8月法拍房成交量达5466套再创年内新高 供应规模略有回落

Core Insights - The auctioned property market in August 2025 saw a new high in transaction volume, with a total of 5,466 units sold, marking an 11% month-on-month increase and surpassing July's figures [1][6] - The supply of auctioned properties decreased to 32,000 units, which is still the second highest this year, indicating a slight cooling in listings but an increase in market activity [2][3] Supply Overview - The total number of newly listed auctioned properties in August was 32,000, down 27% month-on-month and 14% year-on-year, with a starting total price of 32.4 billion yuan [2] - Among major cities, Chongqing led with 1,419 new listings, while Guangzhou, Beijing, Shenzhen, and Shanghai had lower figures, with Guangzhou having the lowest starting total price at 500 million yuan despite the highest number of listings [3] Transaction Volume - The transaction volume in August continued to rise, with 5,466 units sold, reflecting an 11% increase from July, although it was a 4% decrease year-on-year [6][8] - The city of Weihai topped the transaction list with 247 units sold, primarily due to a significant number of low-priced properties, with 209 units starting below 10,000 yuan [9] Transaction Rate - The transaction rate for auctioned properties in August was 21%, a slight decrease of 1 percentage point from the previous month, but still at a high level for the year [11] - Cities like Hangzhou led with a 53% transaction rate, while other major cities also maintained rates above 40%, indicating a growing interest in auctioned properties as a viable investment option [12] Structural Characteristics - The average discount rate for auctioned properties in August was 32.2%, down 1.3 percentage points, while the average starting discount rate for listed properties was 28.8%, up 0.1 percentage points [14] - The increase in the proportion of first-time auctioned properties sold, which accounted for 49% of transactions, suggests a shift in buyer confidence towards higher-quality auctioned properties [14][17]