Core Insights - The article highlights the increasing trend of landlords actively participating in the auction market, with some properties starting at a price of one yuan, indicating a shift in the real estate landscape [1][9]. Group 1: Market Trends - There is a notable influx of ordinary second-hand houses entering the auction market, which is becoming a significant channel for accelerating property turnover and revitalizing existing assets [2][12]. - In the first nine months of this year, approximately 36,000 auction properties were sold in key cities, representing a 25% year-on-year decline [2]. - The auction market's performance is closely aligned with that of the first and second-hand housing markets, reflecting broader market trends [4]. Group 2: Auction Performance - In September, the auction market saw a total of 5,033 properties sold in major cities, with a month-on-month decrease of 8% and a year-on-year decrease of 14% [4]. - The auction transaction rate in September was 19.3%, down 1.9 percentage points from the previous month, falling below the annual average [8]. - Cities like Hangzhou led with a 48% transaction rate, while several other cities maintained rates above 30% [8]. Group 3: Property Types and Sales - The auction market is witnessing a mix of low-priced properties starting at one yuan and high-end properties, with some transactions exceeding 30 million yuan [2][12]. - Properties with clear ownership and no complex disputes are increasingly being auctioned for quick sales, as seen in the case of a property in Shenzhen that sold for 2.065 million yuan after 267 bids [10]. - High-value properties, such as a villa in Hangzhou that started at 10.8 million yuan and sold for 32 million yuan, demonstrate the potential for significant price appreciation in the auction market [12]. Group 4: Future Outlook - The trend of ordinary second-hand houses entering the auction market is expected to continue, with more properties likely to explore auction channels as a means to expedite sales [12]. - There is a call for improved regulations and management of the auction market to facilitate smoother transactions and enhance market stability [12].