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The number of listed properties increased by 31.6%, the number of sold properties increased by 34.6%, and the transaction amount only increased by 19.0% — the activity of French house auctions has rebounded. Why hasn't this led to price stabilization? The answer lies in the increased bargaining power of buyers and more room for discount. More volume comes from the expansion of supply at low prices and trade-in. According to data released by the China Index Research Institute on November 9, the differentiation of the national 355 city house auction market intensified. The clearance rate of first-tier city residential auctions was 64.2%, and capital is still stealing core assets; the residential clearance rate in third- and fourth-tier cities is only 32.5%, stuck in a cycle of “low unit price, low elimination, and deep discount.” In the context of “price for quantity”, the cost performance window for French house auctions has opened up, but those in need and investment buyers still need to make rational judgments.
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The number of listed properties increased by 31.6%, the number of sold properties increased by 34.6%, and the transaction amount only increased by 19.0% — the activity of French house auctions has rebounded. Why hasn't this led to price stabilization? The answer lies in the increased bargaining power of buyers and more room for discount. More volume comes from the expansion of supply at low prices and trade-in. According to data released by the China Index Research Institute on November 9, the differentiation of the national 355 city house auction market intensified. The clearance rate of first-tier city residential auctions was 64.2%, and capital is still stealing core assets; the residential clearance rate in third- and fourth-tier cities is only 32.5%, stuck in a cycle of “low unit price, low elimination, and deep discount.” In the context of “price for quantity”, the cost performance window for French house auctions has opened up, but those in need and investment buyers still need to make rational judgments.
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