How competitive is the Auburn housing market?

The Auburn housing market is currently moderately competitive. While prices have grown over the past year, the number of homes available is fairly low, and homes are selling relatively quickly. Buyers might find fewer options, but not all homes are getting bid up.Some numbers show a slight easing for buyers, but homes are still selling fast. The median price for a home right now is $309,950, which is slightly down from the prior month but still up nearly 7% compared to last year. This means homes generally cost more than they did a year ago.You might not see many homes for sale if you are looking to buy. There are 72 active listings, which is a bit fewer than there were at this time last year. However, the number of new homes coming onto the market hasn't changed much.Homes are not staying on the market for very long, which indicates demand. The typical home sells in 37 days, a little faster than last year. This means buyers need to act somewhat quickly when they find a home they like.Close to 20% of homes have dropped their prices, which suggests that some sellers are adjusting their expectations. This could be good news for buyers looking for a deal. Overall, it means sellers might not always get their initial asking price.For buyers, this market means you should be prepared for homes to sell quickly, but also keep an eye out for potential price reductions. For sellers, pricing your home well from the start could be key to a fast sale.