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4 Takeaways from Lee County’s June 2021 Residential Report

Posted by Hanna Selman on July 26, 2021
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takeaways from Lee County's June 2021 Residential Report

Wow! Can you believe we now have six months of statewide and local real estate data gathered by the Alabama Center for Real Estate (ACRE) and the Lee County Association of REALTORS® for the year? While that sinks in, add these takeaways from Lee County’s June 2021 Residential Report to your memory bank.

Days on the market stays low

A trend all involved in real estate keep an eye on is days on the market. Once again, data reveals turnaround right now is fairly quick! On average, Lee County homes were on the market for 35 days last month. Opelika homes spent even less time for sale at 22 days, whereas Auburn was slightly higher with an average of 42 days on the market.

How do we stack up against the state? Across Alabama homes were on the market for an average of 48 days in June 2021.

Uptick in median sales prices continues

Key takeaways from Lee County’s June 2021 Residential Report continue to deliver good news! Lee County’s median sales price for last month was $299,433. That’s compared to the state of Alabama’s median sales price of $216,580 in June 2021.

Breaking it down further, Opelika’s median sales price was $251,325. Auburn holds strong reporting $327,000 as June’s median sales price.

Average sales prices follow suit

For the time being, the average sales price is in keeping with the median sales price and continues to rise. The average Lee County home sales price reached $334,643 last month! In comparison, the average reported throughout Alabama was $258,081.

Choices remain limited

Statewide and locally inventory remains at an all-time low. In fact, there were 337 Lee County houses on the market in June 2021 versus 592 last year.

Auburn and Opelika are in similar situations. Opelika reported 80 houses on the market last month. Auburn’s housing inventory was listed as 222. Statewide, inventory saw a 39.7 percent decrease year-over-year, from 16,518 listings in June 2020 to 9,954 listings in 2021.

Summary

Interested sellers, it might be time to seriously consider this possibility! Are you ready to talk through the possibilities with a knowledgeable real estate guide? Ryan Roberts is that guide. Contact him here to get started. For more on local real estate and news, check out our other blogs.