Core Insights - The overall transaction volume and price of judicial auction residential properties in China have decreased in the first half of the year, with a total of 51,000 units sold, representing a 2.3% year-on-year decline, and a total transaction amount of 65.55 billion yuan, down 14.8% year-on-year [1] Group 1: National Overview - The total number of judicial auction residential properties listed for sale was 170,000, with a clearance rate of 30.0% [1] - The average transaction price for judicial auction residential properties was 8,817 yuan per square meter, reflecting a 7.8% decrease compared to the previous year [1] - The average number of auction rounds per property was 1.82, with an average transaction duration of 60 days [1] Group 2: Top 50 Cities Performance - In the top 50 cities, a total of 79,000 judicial auction residential properties were listed, with 31,000 units sold, marking a 2.7% year-on-year increase in transaction volume [2] - The clearance rate in the top 50 cities was 39.3%, an increase of 2.0 percentage points from the previous year [2] - The total transaction amount in these cities was 51 billion yuan, accounting for 77.8% of the national total, which is an increase of 3.4 percentage points year-on-year [2] Group 3: Price and Concentration - The average transaction price in the top 50 cities was 11,844 yuan per square meter, which is 34.3% higher than the national average [3] - The concentration of judicial auction residential properties in the top 50 cities has increased, with 46.3% of the total listings and 60.8% of the total transactions occurring in these cities [3] - Cities with a clearance rate exceeding 70% include Ningbo, Wenzhou, and Taizhou, with Ningbo having the highest clearance rate at 73.5% [3]

Core Insights - The national judicial auction market saw a decrease in the number of auctioned properties in the first half of 2025, with a total of 369,000 properties listed, down approximately 3.3% from 382,000 in the same period of 2024 [1] - The total number of completed transactions was about 78,000, with a total transaction value of 122.95 billion yuan, representing a 19.8% decrease from 153.39 billion yuan in 2024 [1][7] - The average transaction price for judicial auction properties decreased to 4,912 yuan per square meter, down 8.6% from 5,374 yuan per square meter in 2024 [1][9] Market Overview - The judicial auction market in the first half of 2025 had a clearance rate of 21.1% and an average transaction duration of 71 days [1] - The total number of auction sessions was 585,000, with a transaction success rate of 13.42% and an average discount rate of 74.3% [1] - The number of auctioned residential properties was 51,000, accounting for 53.3% of the total transaction value [4] Regional Performance - Key provinces such as Guangdong, Sichuan, Chongqing, and Henan saw an increase in auction listings, while some provinces like Sichuan and Henan experienced a decrease [1][8] - In the top 50 cities for judicial auctions, the total number of auctioned residential properties was 79,000, with a transaction volume of 31,000, representing a 2.7% increase year-on-year [10][14] Property Type Analysis - Residential properties accounted for the majority of transactions, with 51,000 units sold, while commercial properties saw 15,000 units sold, and land transactions were significantly lower at around 390 units [4][9] - The average price for residential properties in the top 50 cities was 11,844 yuan per square meter, significantly higher than the national average [14] Transaction Dynamics - The average number of auction attempts per property was 1.95, slightly up from 1.9 in the previous year, indicating a trend towards more competitive bidding [1][11] - The average transaction price for residential properties in the first auction round was 11,675 yuan per square meter, reflecting a decrease of 7.9% compared to the previous year [19]