Auburn Real Estate Market Sees Sales Decline

While home sales in the Auburn market have been above average, in this week's report they fell 5.3% to 90 homes sold over the last 30 days. In comparison, nearby Federal Way had 132 sales in the same time frame, the most of all neighboring cities. Prices are falling in Auburn, and this period the median price of all sales fell from $314,150 to $305,000. With only two months of inventory to sell, Auburn is a definite seller's market, in spite of the dip in sales.

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Demographic facts about Auburn:

  • The population growth rating is 65. (Scale: 1 = Worst, 100 = Best)
  • The ratio for physicians is 416.2 for every 100,000 people.
  • The area's health cost index score is 117.8. (100 = national average)
  • Residents who travel to work by car account for 71.2% of all commuters, while carpools account for 14.1%, and public transit makes up 5.6%.

Data reported through 10/12/2016

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Best Choice Realty LLC
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John L. Scott
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