在房地产行业整体调整的背景下，2025年，全国法拍市场呈现"量价齐跌"的整体态势，同时城市分化持续加剧。数据显示，超七成高 价法拍住宅集中在北京、上海、深圳，核心地段稀缺豪宅频现溢价成交，显示出强劲的市场韧性。与此同时，买方策略趋于谨慎理 性，二拍逐渐成为市场主流成交渠道。 北上深高价法拍房"断层"领跑 图/中指研究院 中指研究院发布监测数据显示，2025年全国法拍市场累计挂拍各类房源71.9万套，同比下降6.6%；成交拍品16.9万套，同比下降 4.4%；总成交金额为2536.2亿元，同比下降幅度高达23.6%。市场整体清仓率（成交拍品/交易截止拍品）为23.5%。 相比之下，价格的调整更为明显。2025年各类法拍房源成交均价为4653元/平方米，同比下降12.7%；平均折价率（成交价/评估价） 为74.1%，意味着买家平均能以评估价的约7.4折购入资产。价格走低与房地产市场整体仍处于调整阶段、买方市场特征凸显有关，法 拍房买家普遍持谨慎态度，出价趋于理性。 从物业类型看，住宅依然是法拍市场的绝对核心。2025年，住宅类法拍房源成交11.3万套，成交总金额1315.8亿元，占各物业类型总 成交金额的51.9 ...

智通财经APP获悉，1月12日，中指研究院发布法拍市场年终总结。2025年，法拍市场呈现挂拍量、成交量、成交金额及均价同比下滑态势，全年 挂拍71.9 万套(同比降 6.6%)，成交 16.9 万套(同比降 4.4%)，总成交金额 2536.2 亿元(同比降 23.6%)，平均折价率 74.1%；物业类型以住宅为核心(成 交金额占比 51.9%)，拍卖阶段二拍成交占比最高(46.9%)。区域分布上，高价房源集中于一线及核心二线城市，深圳、上海、北京构成第一梯队。 住宅细分市场中，全年挂拍 32.7 万套(同比降 10.7%)，成交 11.3 万套，成交均价 8082 元 /㎡；各能级城市分化显著，一线城市成交均价达 36196 元 /㎡，三四线城市为 4750 元 /㎡。 第二梯队广州(27套)、杭州(22套)2 个城市，top500中占 49套，占比约9.8%；属于相对成交核心，但数值与第一梯队差距较大。 第三梯队厦门(8套)、成都 / 南京 / 苏州(6套)、嘉兴 / 金华等(4套)、昆明 / 绍兴 / 西安(3套)、东莞 / 合肥等(2套)共19个城市，合计占67套，占总计数 的 13.4%；以东部沿海 ...

Summary of Key Points Core Viewpoint - The national auction market for foreclosed properties in China has seen a decline in both the number of properties listed and the total transaction amount from January to November 2023, indicating a challenging market environment for real estate auctions [1][2]. Group 1: Overall Market Performance - From January to November 2023, a total of 649,000 foreclosed properties were listed, representing a year-on-year decrease of 6.5% [1]. - The total number of auction sessions reached 1,165,000, with 152,000 properties successfully sold, marking a 3.5% decline year-on-year [1]. - The overall clearance rate stood at 23.5%, with total transaction value amounting to 225.39 billion yuan, down 23.9% compared to the previous year [1]. Group 2: Monthly Performance Analysis - In November 2023 alone, 101,000 foreclosed properties were listed, a decrease of 15.4% year-on-year, with 15,000 properties sold, down 13.5% [1]. - The clearance rate for November was 14.4%, and the total transaction value was 20.72 billion yuan, reflecting a significant decline of 37.4% year-on-year [1]. Group 3: Property Type Breakdown - For the period of January to November, residential properties dominated the auction market, with 246,000 new listings and 294,000 properties reaching the auction stage, resulting in 102,000 sales [1]. - Residential properties accounted for 53.3% of the total transaction value at 120.09 billion yuan, followed by commercial and industrial properties at 22.9% and 16.7%, respectively [1]. - The second auction round emerged as the primary channel for sales, with 72,000 properties sold, representing 47% of total sales, surpassing the first auction round at 38.6% [1]. Group 4: Regional Insights - In first-tier cities, 6,345 residential foreclosed properties were sold, totaling 32.81 billion yuan, with an average price of 36,318 yuan per square meter [2]. - In Hubei province, 13,000 new properties were listed, with 2,480 sold, resulting in a clearance rate of 15.3% and a total transaction value of approximately 4.29 billion yuan, down 35.7% year-on-year [2]. - Wuhan led the province in transaction value for residential foreclosures, with 1,015 properties sold and a total value of 1.21 billion yuan, while the average price was 9,475 yuan per square meter [2].

Group 1 - The core viewpoint of the article indicates a decline in the national auction housing market, with a total of 649,000 properties listed for auction from January to November 2025, representing a year-on-year decrease of 6.5% [1][2] - The final transaction volume reached 152,000 units, down 3.5% year-on-year, with a total transaction amount of 225.39 billion yuan, reflecting a significant decline of 23.9% [1][2] - The average transaction price was 4,635 yuan per square meter, showing a year-on-year decrease of 13.5%, with an average discount rate of 74.3% [1][2] Group 2 - In terms of property types, residential properties dominated the market, accounting for 53.3% of the total transaction amount at 120.09 billion yuan, followed by commercial and industrial properties at 22.9% and 16.7%, respectively [1][2] - The auction stages revealed that the second auction became the primary channel for transactions, with 72,000 units sold, representing 47% of total transactions, surpassing the first auction (38.6%) and the sale phase (11%) [1][2][11] Group 3 - In November 2025, the national auction market saw 101,000 properties listed, a year-on-year decrease of 15.4%, with 15,000 units sold, down 13.5%, and a total transaction amount of 20.72 billion yuan, reflecting a 37.4% decline [2][19] - The clearance rate for the auction market was 23.5% for the year-to-date period, with a notable drop in November to 14.4% [2][19] Group 4 - The residential auction market saw 294,000 properties listed from January to November 2025, a year-on-year decrease of 9.9%, with 102,000 units sold, down 2.4% [12][19] - In first-tier cities, 6,345 residential auction properties were sold, totaling 32.81 billion yuan, with an average price of 36,318 yuan per square meter [12][19]

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]

Core Insights - The national judicial auction market in China saw a total of 649,000 properties listed for auction from January to November 2025, representing a year-on-year decrease of 6.5% [1] - The cumulative number of auction sessions reached 1,165,000, with a final transaction count of 152,000 properties, down 3.5% year-on-year [1] - The clearance rate stood at 23.5%, calculated as the ratio of successfully sold properties to the total properties available for auction [1] - The total transaction value amounted to 225.39 billion yuan, reflecting a significant year-on-year decline of 23.9% [1]

Core Insights - The national auction housing market in China showed a "decline in both volume and price" from January to October 2025, with significant regional disparities observed [1][31]. Overall Auction Market Situation - A total of 605,000 auction properties were listed nationwide, representing a year-on-year decrease of 5.7% - The final transaction count was 138,000 properties, down 2.4% year-on-year - The total transaction value reached 204.87 billion yuan, a decline of 22.5% year-on-year - The average transaction price was 4,668 yuan per square meter, down 12.3% year-on-year, with an average discount rate of 74.4% [2][31]. Residential Auction Market Situation - For residential auction properties, 277,000 units were listed, a year-on-year decrease of 9.0% - The number of transactions was 92,000 units, down 1.4% year-on-year, with a total transaction value of 109.71 billion yuan, a decline of 16.6% year-on-year [9][31]. Key City Performance - In key monitored cities like Chongqing, the number of residential auction transactions increased by 21.1% year-on-year, while major cities like Shanghai and Shenzhen had clearance rates exceeding 60%, indicating significant regional market vitality differences [1][31]. - In first-tier cities, 5,791 residential auction properties were sold, with a total transaction value of 30.33 billion yuan and an average price of 36,730 yuan per square meter [13][31]. Monthly Trends - In October 2025, the national auction market saw 106,000 properties listed, a year-on-year decrease of 12.5% - The final transaction count was 16,000 properties, down 7.3% year-on-year, with a total transaction value of 19.34 billion yuan, a decline of 32.5% year-on-year [2][31].

Core Insights - The report from the China Index Academy indicates a decline in the national judicial auction market for the period from January to October 2025, with a total of 605,000 properties listed for auction, representing a year-on-year decrease of 5.7% [1] - The total number of auction sessions reached 1,058,000, with 138,000 properties successfully sold, marking a 2.4% decrease year-on-year [1] - The clearance rate stands at 22.8%, calculated as the ratio of successfully sold properties to the total properties available for auction [1] - The total transaction value amounted to 204.87 billion yuan, reflecting a significant year-on-year decline of 22.5% [1] - The average selling price of auctioned properties is 4,668 yuan per square meter, which is a 12.3% decrease compared to the previous year [1] - The average discount rate for auctioned properties is reported at 74.4% [1]

Core Insights - The national auction market for foreclosed properties in China showed a decline in both volume and price in the first three quarters of 2025, with a total of 547,000 properties listed, a year-on-year decrease of approximately 4.9% [1][3] - The total transaction amount for foreclosed properties reached 185.83 billion yuan, reflecting a year-on-year decrease of 21.3% [1][2] - The average transaction price for foreclosed properties was 4,748 yuan/m², down 10.8% year-on-year [1] Summary by Category Overall Market Performance - The total number of foreclosed properties sold was approximately 122,000, a decrease of 1.8% year-on-year [1] - The total transaction amount for residential foreclosures was 99.4 billion yuan, accounting for 53.5% of the total, with a year-on-year decrease of 14.7% [2] - The total transaction amount for commercial foreclosures was 41.77 billion yuan, also reflecting a year-on-year decline of 21.3% [2] Residential and Commercial Foreclosures - In the first three quarters, 199,000 residential properties were newly listed for auction, with 82,000 sold, representing 67.1% of total transactions [1] - For commercial properties, 99,000 were newly listed, with 22,000 sold, accounting for 22.5% of total transactions [1] - The average price for residential foreclosures was 8,545 yuan/m², while for commercial properties, it was lower [2] Quarterly Trends - In the third quarter, the auction market saw 169,000 new listings and 45,000 transactions, with a total transaction amount of 63.33 billion yuan, marking a quarter-on-quarter increase of 7.3% [2] - The average transaction price in the third quarter was 4,490 yuan/m², showing a slight decrease of 1.6% from the previous quarter [2] - The clearance rate for residential foreclosures was 28.5%, with a total of 341.4 billion yuan transacted in that quarter [2]

Core Insights - The national auction market for foreclosed properties in China has shown a decline in both the number of listings and transaction volumes in the first three quarters of 2025 compared to the same period in 2024, indicating a cooling market trend [1][10][34] Summary by Category Overall Market Performance - As of September 2025, there were 547,000 foreclosed properties listed for auction, a decrease of approximately 4.9% from 576,000 in 2024. The total number of transactions reached about 122,000 [1] - The total transaction amount for the first three quarters was 185.8 billion yuan, reflecting a year-on-year decrease of 21.3% [10] Auction Dynamics - The total number of auction sessions was 944,000, with a transaction success rate of 13.1% and an average discount rate of 74.4% [1][4] - In the third quarter alone, 169,000 new properties were added to the auction, with 255,000 properties listed for auction, marking a 20.5% increase from the previous quarter [4] Property Type Breakdown - Residential properties accounted for 67.1% of total transactions, with 82,000 units sold, while commercial properties made up 22.5% with 22,000 units sold [10] - The average transaction price for residential properties was 8,545 yuan per square meter, down 1.6% from the previous quarter [4][10] Regional Insights - The top 50 cities accounted for 77.1% of total transaction amounts, with significant activity concentrated in coastal regions such as Zhejiang and Guangdong [21][25] - In the first three quarters, the highest transaction amounts were recorded in Guangdong (28.37 billion yuan), followed by Zhejiang (25.43 billion yuan) and Jiangsu (17.53 billion yuan) [17] Price Trends - The average price for commercial foreclosed properties was 6,052 yuan per square meter, with a year-on-year decrease of 13.8% [30][31] - The average discount rate for commercial properties was 70.0%, with the highest recorded in Nanning at 103.1% [32][33] Conclusion - The overall trend in the foreclosed property market indicates a decline in both volume and price, with significant regional disparities and a concentration of transactions in major urban centers [34]