The Auburn housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have decreased 8.7% in the past month. With 3.0 months of supply, Auburn's inventory levels remain relatively tight. Homes are taking about 8 days to sell, which is 0 days longer than this time last year. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Auburn market with the affordability index at 1187.5. Based on current market indicators, home prices in Auburn are projected to decrease by approximately 6.2% over the next month.
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