Core Insights - The national auction market for various types of foreclosed properties saw a total of 649,000 listings from January to November, representing a year-on-year decrease of 6.5% [1] - The total transaction amount reached 225.39 billion yuan, down 23.9% year-on-year, with an average transaction price of 4,635 yuan per square meter, reflecting a 13.5% decline [1] Group 1: Overall Market Performance - The total number of auction rounds was 1.165 million, with 152,000 properties successfully sold, marking a 3.5% decrease year-on-year and a clearance rate of 23.5% [1] - In November alone, the auction market had 101,000 listings, a 15.4% decrease year-on-year, with 15,000 properties sold, down 13.5% year-on-year, and a total transaction amount of 20.72 billion yuan, a significant drop of 37.4% [1] Group 2: Residential Property Insights - Residential properties dominated the auction market, accounting for 1,200.9 billion yuan in transaction value, which is 53.3% of the total [1] - From January to November, 294,000 residential properties were listed for auction, down 9.9% year-on-year, with 102,000 properties sold, a decrease of 2.4% [1] - In first-tier cities, 6,345 residential properties were sold, totaling 32.81 billion yuan, with an average price of 36,318 yuan per square meter [1] - In Beijing, 3,070 properties were listed, with 1,291 sold, resulting in a clearance rate of 42.1% and an average discount rate of 75.96% [1]