The number of apartment auctions nationwide in December last year was the highest in more than four years.

Last month, the number of apartment auctions nationwide exceeded 3,500, the highest since November 2020.

According to the "December 2024 Auction Trend Report" released by GG Auction, a company specializing in hard and short-selling data, the number of apartment auctions nationwide last month was 3,510, up 3% from November, the highest since November 2020.

The real estate market's wait-and-see attitude due to the overall economic downturn, loan regulations, and impeachment seems to have affected the auction market.

Last month's successful bid rate was 37.6% and the successful bid price rate was 84.5%, all down from November.

The successful bid rate for apartments in Seoul hit 39.8%, breaking the 40% mark in nine months, and the number of annual auctions for apartments in Seoul last year was 3,267, the highest since 2015.