Your perfect home is out there. Thanks to Auburn-Opelika’s strong new construction market, more and more high-quality homes are being built locally. Not only does that mean that buyers in most price ranges have more options, but they can also shop the market with ease. That’s right—if you’re hoping to buy a home soon, you’ve picked a terrific time.
ACRE Reporting
In Alabama, ACRE—or the Alabama Center for Real Estate—provides a wealth of helpful research and information about the market. Recently, its studies have shown that Auburn-Opelika’s strong new construction market contributes to high home inventory.
Notably, Auburn and Opelika are even leading the market in new construction. Our great towns have reported the highest rates of new construction sales in all of Alabama during the first quarter of 2019. The numbers are impressive too: the rate of new construction-based sales is an exceptional 29.4 percent more than the last-reported figures.
What Does It All Mean?
In layman’s terms, the more resources there are in the market, the easier they are for consumers to access. In this case, it means that buyers are at an advantage if they want a new home. After all, if there are more homes to buy, that means the market is controlled by those who want to make those purchases.
In other words: as a buyer in this market, your power is incredible. Plus, you’ll also have a wider variety of options to choose from as you look for your beautiful future home.
Summary
Take it from ACRE—Auburn-Opelika’s strong new construction market gives a huge advantage to buyers. If you’re ready to find a home of your own in the Auburn, Opelika, or Lake Martin area, it’s time to contact Ryan Roberts here. If you’re in the market for more local and real estate-related information too, visit our blog here.