The Auburn Bay real estate market in February 2025 saw a significant slowdown in sales activity compared to the same period last year. With only 18 total residential sales, this represents a 59% decline year-over-year (Y/Y). However, inventory levels increased to 49 available listings, an 88% increase Y/Y, leading to a rise in the months of supply, now standing at 2.72 months.
Sales and Listings Activity
Total Sales: 18 (-59% Y/Y)
New Listings: 37 (-18% Y/Y)
Sales-to-New Listings Ratio: 49% (indicating a more balanced market)
Inventory: 49 (+88% Y/Y)
Months of Supply: 2.72 (+361% Y/Y)
Pricing Trends Despite the drop in sales, benchmark prices showed stability and moderate growth across different property types:
Detached Homes: $817,900 (+3.3% Y/Y)
Semi-Detached Homes: $532,200 (+5.1% Y/Y)
Row Homes: $457,300 (+6.2% Y/Y)
Apartments: $370,300 (+1.5% Y/Y)
Total Residential Benchmark Price: $632,200 (+1.8% Y/Y)
Market Insights
The increase in inventory and drop in sales suggest a shift towards a more buyer-friendly market, with more choices available and reduced competition.
While detached homes remain the most expensive segment, row homes saw the highest price appreciation at 6.2% Y/Y.
Apartments had the slowest price growth, with only a 1.5% Y/Y increase, possibly due to higher inventory levels in this segment.
The median price for all residential property types was $444,250, a 4.9% decline Y/Y, reflecting buyer hesitation in higher price ranges.
Auburn Bay’s market in February 2025 is experiencing a period of adjustment, with increasing supply and slower sales activity. Prices remain relatively stable, but with rising inventory levels, buyers may have more negotiating power in the coming months. Sellers should be mindful of competitive pricing strategies to attract interest in a market that is cooling compared to the previous year.
For more information on how these trends affect your buying or selling decisions, reach us here.
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