Year-end foreclosure houses are cold, with Shenzhen leading in clearance rate, and Chongqing rising 38% against the trend.

According to the Fingerhouse Database Monitoring, in January and February 2026, the total number of various types of properties listed for auction nationwide was 170,000 units, a decrease of 2.3% compared to the same period last year. The total number of auctions conducted was 211,000, with a final sales volume of 27,000 units, a decrease of 4.7% year-on-year. The clearance rate was 16.1%, with a total transaction amount of 373.4 billion yuan, a decrease of 16.5% year-on-year. The average transaction price for various types of properties listed for auction was 4,869 yuan per square meter, a decrease of 8.1% year-on-year, with an average discount rate of 71.1%. In terms of residential properties, there were 72,000 units listed for auction in January and February 2026, a decrease of 9.9% year-on-year. The number of units sold at auction was 19,000, an increase of 4.1% year-on-year, with a total transaction amount of 196.8 billion yuan, a decrease of 19.9% year-on-year. There were significant differences in transaction prices between different levels of cities, with first-tier cities having much higher average transaction prices than second-tier and third-tier cities. Shenzhen had the highest clearance rate at 66.4%. The market in Chongqing grew against the trend, with a 38.2% year-on-year increase in total transaction amount and a residential clearance rate of 39.6%. Yubei District was the core transaction area, with over 60% of second-stage auctions in the city being successful, highlighting the distinctive regional characteristics of the auction market.