The numbers don’t lie. If 2020 was a good year for real estate, then 2021 was great!
The number of homes listed and sold in Auburn/Opelika was up almost 20% from the previous year’s high. And it’s not just the number of transactions that are soaring. The average sales price continues to climb. It is up by more than 10% from 2020 to over $317,000 for 2021! Lawrence Yun, the chief economist for the National Association of Realtors, projects we are in for another great year! It is still a good time to get into the real estate market! The market is eager for the inventory!
In the recreational or resort property market at Lake Martin, we saw a slight dip in transaction volume from the extreme highs of 2020 when everyone wanted to have a second home escape. While units sold may be down a tad, it is more about a lack of inventory than a lack of interested buyers. Sale prices are up by 7.75% from 2020 to over $489,779 for 2021 in the Lake Martin market!
If you’re a seller…
Our area experienced a phenomenal year in 2021. Buyers are seeing growth opportunities in Auburn/Opelika and investment opportunities Lake Martin so sellers can expect more money for their homes, fewer days on the market, and are likely to receive a quick offer as we continue through an inventory-challenged start to the new year. If you’re ready to sell, the first step is to find out the estimated worth of your home.
If you’re a buyer…
Though the market is still competitive, now is a great time to buy, as experts anticipate rising interest rates and a fast-paced inventory in 2022. If you want to kick off the new year by taking steps toward your home-buying goals, our website is the best place to start your home search.
No matter where you are in the home buying or selling journey, let’s discuss your options and get you where you want to be.