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Auburn real estate was the topic of many conversations this last year whether around the family table or around the office water cooler. Now that the year is over we have accurate activity, averages and trends for you in this 2011 Market Report for Auburn, Washington.
I would characterize Auburn real estate activity as brisk and picking up based on the experience of the Phil Leng Team. We sold 68 homes this past year, with an average market time of 49 days!
However the overall statistics for Auburn are sobering. Look at this graph. There are nearly 10 times as many homes for sale each month as there are home that sold each month. The red bar is the number of houses for sale. The Green bar is the number of houses sold in any given month. Which of these two categories would you want to be in? The red category, or the green category? If you use The Phil Leng Team to sell your property this year, we will help you get into the sold category!
The trend of median sold prices in Auburn seems to still be trending slightly downward in this next graph. The median price in this 2011 Market Report for Auburn, Washington appears to have gone down through out the year, even though a couple of high prices months in August and December made it be statistically up to 1%.
Perhaps the good news in Auburnis that the number of new properties going for sale every month has been dropping over the last year. It looks like the trend of new listings every month in this 2011 Market Report for Auburn, Washington is down 20%. If you like your house, and do not need to sell it in the next 5-10 years, why put it up for sale? It is just an aggravation for you.
The average Days on Market in Auburn appears to be increasing. The graph shows a 14% increase in days on the market with the year ending at 105 days on market as an average. I believe that correlates with the other graphs I have presented.
If you are a serious seller and need to sell, the next graph is good news. The Months supply of inventory in Auburn Washington has gone down, so that as of December, it would take 5 months at the present rate of sale for all the homes to sell. That is, if no new houses were put on the market. The graph shows a 60% drop in months supply of inventory over the year. I believe this is a real trend from this 2011 Market Report for Auburn, Washington as those who do not really need to sell simply defer their plans until a later time.
My pitch? If you are a serious seller and need to sell this next year in Auburn, hire the Phil Leng Team. We have the experience and the track record to help you reach your real estate goals this year.
All data for this 2011 Market Report for Auburn, Washington is from the NWMLS and is their property. Accuracy has not been independently verified.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.