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REAL ESTATE IN AUBURN & OPELIKA IS OFF TO A GREAT START IN 2016: MARKET STATS

March 2, 2016

Real Estate in Auburn is heating up and we believe now is a great time to list your home.

It’s real estate selling season again on the Plains and the numbers are in. 2015 proved to be an incredible year in real estate for Lee County with the Alabama Real Estate Commission (AREC) reporting the area is one of the most balanced in the state. Lee County real estate sales as a whole were up 7% from 2014 and continues to increase into 2016.

Already this year, real estate in Auburn AL is off to a great start getting nationwide recognition for its high job growth, low cost of living and oh yeah the best SEC school in the state by Forbes magazine (http://www.saturdaydownsouth.com/sec-football/forbes-3-sec-schools-ranked-as-best-in-state/), we continue to love where we work and live. Along with our excellent credentials we continue to thrive in the Auburn AL real estate market as well.

The average sales price in Lee County is $224,927, virtually unchanged from the previous year with the average days on market being 159, a decrease of 20.5% from 2014. Interest rates continue to remain low and steady holding around 4% on a 30 year fix.

Have you been thinking about selling real estate in Auburn?

Currently in Lee County there is only 5.4 months of supply on the market, with these numbers being so low, we project an increase of average sales price and a continued decrease with days on market. Auburn real estate sellers have a great advantage at this point in the Auburn Al real estate market and we are here to help.

Call us at (334) 887-2070 and let one of our experienced REALTORS® give you a complimentary comparable market analysis on your home. We are eager to help you get the most money for your home and can even assist you in finding the next house to call home if you are staying around the Lee County area.

Want to look at real estate in Auburn and surrounding areas on the go?

Download our free local real estate to get accurate Auburn homes for sale at your fingertips. Go to your play store or app store today and search weichert realtors porter properties to start your search now.

**Source: Alabama Resl Estate Commission (AREC)