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 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]