Magnolia Realty's Auburn Area Real Estate Update: MARKET ANALYSIS FOR DECEMBER

This is a recap of last month’s real estate activity for residential properties. As you review December 2011 vs. 2010, you will notice that inventories have decreased, days on the market are mixed and prices continue to be lower. With interest rates still tracking at the lowest rated in 30 years, it is a good time to refinance or buy investment properties. In the area of rental properties, the demand exceeds inventory! If you have (or know someone that has) a property we could represent through our Property Management Division, please let it be known. RESIDENTIAL – December 2010 RESIDENTIAL – December 2011 ALL AREAS: ALL AREAS 865 Houses on the Market this month 728 Houses on the Market this month 56 Properties sold 65 Properties sold 192 Average days on the market 161Average days on the market 97 New listings 104 New listings $192,000 Median Sold Price $161,500 Median Sold Price $223,838 Average Sold Price $221,431 Average Sold Price $12,534,928 Total Property Sales Sold Dollar Volume $14,393,033 Total Property Sales Sold Dollar Volume AUBURN: AUBURN: 396 Houses on the Market this month 345 Houses on the Market this month 29 Properties sold 32 Properties sold 172Average days on the market 171 Average days on the market 34 New listings 51 New listings $277,000 Median Sold Price $222,000 Median Sold Price $290,002 Average Sold Price $293,701 Average Sold Price $8,410,054 Total Property Sales Sold Dollar Volume $9,794,565 Total Property Sales Sold Dollar Volume OPELIKA: OPELIKA: 278 Houses on the Market this month 197 Houses on the Market this month 18 Properties sold 19 Properties sold 255 Average days on the market 157Average days on the market 36 New listings 23 New listings $141,450 Median Sold Price $132,000 Median Sold Price $167,329 Average Sold Price $166,138 Average Sold Price $3,011,929 Total Property Sales Sold Dollar Volume $3,156,623 Total Property Sales Sold Dollar Volume We greatly appreciate your REFERRALS! Thank you, Bob Slocumb. Broker, ABR, SFR, RELO "Everything I touch turns to SOLD"

# posted by Magnolia Realty @ 7:26 AM