Core Insights - The Shanghai auction market for foreclosed properties has seen a significant decline in both supply and transactions in the first eight months of 2025, with new listings down by 37.7% year-on-year and total transactions amounting to approximately 1,355 units, reflecting a clearance rate of 51.1% [1][2][16] - The total transaction value for foreclosed properties in Shanghai reached approximately 10.977 billion yuan, with residential properties making up the majority of transactions [1][2][8] - The national market also shows a decline, with 485,000 properties listed for auction, resulting in 107,000 transactions and a clearance rate of 21.9% [16][19] Shanghai Market Overview - From January to August 2025, Shanghai added 2,191 new auction listings, with a total of 2,650 properties available for auction, leading to a clearance rate of 51.1% and a total transaction value of approximately 10.977 billion yuan [1][2][5] - Residential properties accounted for 64.6% of total transactions, with 876 units sold and a total value of 6.84 billion yuan [1][8] - In August alone, 253 new properties were listed, with 171 sold, resulting in a transaction value of 2.231 billion yuan and an average discount rate of 70.3% [5][8] Property Type Breakdown - Residential foreclosures dominated the market, with 1,186 new listings and 876 transactions, achieving an average price of 52,725 yuan per square meter [8][11] - Commercial properties had 786 listings with 428 transactions, totaling 2.27 billion yuan, while industrial properties had 19 listings with a total transaction value of 1.79 billion yuan [8][19] - The average clearance rate for residential properties in Shanghai was 63.1%, with Huangpu District leading at 87.5% [11][19] Regional Performance - Among districts, Pudong led in total transaction value with 2.04 billion yuan, followed by Jing'an and Minhang districts [8][11] - The average transaction price for residential properties varied significantly across districts, with prices in Huangpu at 37,419 yuan per square meter and in Minhang at 40,944 yuan per square meter [8][11] National Trends - Nationwide, the auction market for foreclosed properties saw a total of 48.5 million listings, with 10.7 million transactions and a total value of 163.8 billion yuan, indicating a slight increase in clearance rates compared to the previous year [16][19] - Residential properties accounted for 53.5% of total transactions, with 71,000 units sold for a total of 87.7 billion yuan [19][20]