Last month, the auction winning bid rate for apartments in Seoul reached its highest level in three years.
According to the 'June 2025 Auction Trends Report' released on the 8th by GGAuction, a specialized company in auction and public sale data, the winning bid rate for apartments in Seoul in June was 98.5%, an increase of 0.8 percentage points from the previous month (97.7%), marking the highest level in three years.
GGAuction noted, "The increase in high winning bid cases not only in the Gangnam area (Gangnam, Seocho, Songpa) but also in the outskirts (Nowon, Dobong, Guro, etc.) affected the rise in the winning bid rate." However, it forecast that due to the sharp reduction in loan limits under the June 27 measures and the expected effective blockade of investment demand, the upward trend in the winning bid rate is likely to slow. The average number of bidders was 9.2, an increase of 0.7 from the previous month (8.5).
The number of apartment auctions held in Seoul was 228, a decrease of 24 from the previous month's 252. The winning bid rate was 46.5%, up 1.3 percentage points from the previous month (45.2%). This marks the highest level in five months since January (47.2%).
In June, the number of apartment auctions held nationwide was 3,013, an increase of about 4% from the previous month (2,902). The winning bid rate was 42.7%, up 4.0 percentage points from the previous month (38.7%). The winning bid rate fell to 87.6%, down 0.2 percentage points from the previous month (87.8%).