http://www.zillow.com/advice-thread/Auburn-Real-Estate-Market/25272/ Zillow Advice | Zillow Real Estate http://www.zillow.com/advice-thread/Auburn-Real-Estate-Market/25272/ <p>Hi Pete</p><p>Currently, there is about a 9.5 month inventory of SFRs in Lakeland Hills.&nbsp; <a href="http://www.zillow.com/local-info/#metric=mt%3D19%26dt%3D1%26tp%3D5%26rt%3D14%26r%3D102001%2C394913%2C394806%2C394463">Median sales price</a> is $299,950, compared to $361,500 over the corresponding period one year ago (17%).&nbsp; Condos are even more dismal, with a 19 month supply and a median price of&nbsp;$212,000, down from&nbsp;$245,000 a year ago (13.5%).&nbsp; An unusually high rate of <a href="http://www.zillow.com/homes/for_sale/fore_lt/">foreclosures</a> is contibuting to the dramatic decline.<br/><br/>The larger Auburn area (including downtown, west and east hills, and Algona and Pacific, in addition to Lakeland) shows a 13.5 month inventory for SFRs, and a median price of $268,850, down 14.9% from $315,950 last year.<br/><br/>Last year, 252 homes sold after a median 67 days on the market; this year, marketing time dropped slightly to 65 days, but only 152 homes have sold.<br/><br/>Hope this helps!</p> Mon, 27 Apr 2009 20:49:00 GMT http://www.zillow.com/advice-thread/Auburn-Real-Estate-Market/25272/ 2009-04-27T20:49:00Z