Are buyers active in Auburn?

There is still a good amount of buyer activity in Auburn. Homes are selling relatively quickly, and many listings are going pending. However, a decent number of homes are seeing price reductions. Right now, homes are spending about 37 days on the market before going under contract. This is a bit faster than last year, showing that buyers are making decisions fairly quickly. There are 68 homes pending sale, which means almost as many homes are pending as there are active listings (72). This "pending ratio" of 0.94 suggests that buyers are actively putting offers on homes. The median listing price is $309,950, which is 6.9% higher than last year. While prices have come down a little in the most recent month, they are still up significantly over the past year. However, almost 20% of homes on the market have reduced their price. This tells us that even though buyers are active, they are also being careful, and sellers sometimes need to adjust their expectations. If you're a buyer, be prepared to act quickly on homes you like, but also know that some sellers might be willing to negotiate.