China Index Academy: The auction housing market has cooled at the beginning of the year, with Shenzhen having the highest clearance rate, while Chongqing surged by 38% against the trend

The China Index Academy pointed out that the national auctioned property market is experiencing a simultaneous decline in both volume and price. According to the monitoring of the China Index auction database, from January to February 2026, the total number of various auctioned properties in the national auction market reached 170,000, a year-on-year decrease of 2.3%. The cumulative number of auction sessions for these properties was 211,000, with the final number of successfully auctioned items being 27,000, a year-on-year decrease of 4.7%. The clearance rate was 16.1%, and the total transaction amount was 37.34 billion yuan, a year-on-year decrease of 16.5%. The average transaction price for various auctioned properties was 4,869 yuan per square meter, a year-on-year decrease of 8.1%, with an average discount rate of 71.1%