Is now a good time to sell in Auburn?

Selling a home in Auburn right now presents a mixed picture. While prices have seen a slight increase recently, homes are taking a bit longer to sell compared to last year. The median listing price in Auburn is currently $287,175. This price went up by 2.2% in the most recent month, which is good news for sellers. However, compared to a year ago, prices are down by 12.8%. More homes are available for sale this year, with active listings up by 20.5% over the past year, totaling 176 homes. New listings also increased by 9.7% year-over-year, reaching 68. This means there's more competition among sellers. Homes are staying on the market longer now, with the median days on market at 47 days. This is 6.3% longer than a year ago. Also, 17.8% of homes have had their prices reduced, which is a slight increase from last year. Right now, for every home listed for sale, there are slightly more pending sales. The pending ratio is 1.07, but this is 11.6% lower than it was a year ago, indicating a slower pace of homes going under contract. If you're considering selling, it's important to price your home competitively and be prepared for it to take a little longer to find a buyer than it might have a year ago.