How competitive is the Auburn housing market?

The Auburn housing market is showing signs of becoming less competitive for buyers right now, with more homes available and prices down compared to last year. However, prices did tick up slightly in the most recent month. Right now, the median listing price for homes in Auburn is $287,175. While this is 2.2% higher than the previous month, it's 12.8% lower than what it was a year ago. This means homes are, on average, more affordable than they were a year prior. There are more homes to choose from, which can make it easier for buyers. Active listings have increased by 20.5% over the past year, with 176 homes currently on the market. New listings are also up by 9.7% from a year ago, with 68 homes recently added. Homes are staying on the market a little longer, too. The median time a home spends listed is 47 days, which is 6.3% longer than last year. Plus, 17.8% of homes have seen price reductions, suggesting sellers might be more open to negotiating. If you're a buyer, the increased choice and longer time on market could give you more power in negotiations. For sellers, pricing your home strategically from the start is key, given the increased competition from other listings.