Real Estate Stats for 2019 in Auburn/Opelika
Market Minute Real Estate Stats update 2019
📊 Hey, Auburn & Opelika and Happy New Year!
Here is your Market Minute detailing AUBURN & OPELIKA home sales stats for all of 2019. Thank you for watching and I look forward to keeping your informed in 2020 for all things happening the Auburn/Opelika housing market.
Hey there and Happy New year! This is Ashley Miller from RE/MAX Professional Partners coming to you from Auburn Arena in the heart of Auburn’s campus. Our Auburn Tigers have raced out to a 13-0 record and a top 5 national ranking. We wish Coach Pearl and the basketball team much success the remainder of the season. In this market minute update, I want to give you a review of both Auburn and Opelika for the year 2019.
For Auburn in 2019 there were a total of 952 single family homes that sold. This was down 5.5% from 2018. Of those 952 homes, 300 were new construction homes accounting for over 31% of the market. As we noted throughout last year the price was increasing. However, the increase ended up only being up 1% to $328,306. The average price per foot was $131.11. The average days on the market was 78 days.
The Auburn condo market sold a total of 341 units in 2019 which was down 8.3% from the previous year. The average price increased by 15.9% to $200,148. The average days on the market for 2019 condos was 44 days. There are currently only 56 condos on the market in Auburn. This is less than a 2-month supply based on 2019 sales. Now is the time to consider buying or selling your Auburn condo.
Opelika had a record year in price and number of homes sold. A total of 536 single family homes sold in Opelika for an increase from the previous year of 5%. Of those 536 homes, 212 were new construction homes. The average sold price for 2019 was $244,910. The average per foot price was $116.62/sq ft. The average days on the market was 77 days in Opelika. Currently there is a 3-month supply of homes on the market in Opelika.
The overall economy for 2019 say a 2+ GDP growth. There is a 50-year low for unemployment and 2 million new jobs nationwide. Loan delinquency ended lower in every category in 2019 as compared to 2018. We have every reason to be optimistic going in 2020. Auburn and Opelika will continue to see growth. I hope to continue these market updates for my second year to keep you informed of everything happening in the real estate market for Auburn and Opelika. If you have any questions on how any of this information specifically relates to your situation, please reach out and let me know how I can help you. Have a great day and I wish you and your family a blessed 2020!