Business

February home prices up 8 percent in Auburn compared to same time last year

Reporter staff

Homes sales in Auburn were down 16.6 percent but prices were up 5.8 percent in February compared to the same month last year.

A total of 85 homes were sold at a median price of $257,500, according to numbers compiled by Redfin, a Seattle-based real estate company. The numbers only reflect transactions on the Multiple Listing Service, a local or regional database of available real estate for sale by member brokers.

Auburn homes sold 5.7 percent slower than February 2013, spending an average of 64 days on the market.

Meanwhile, demand for home tours and offers was sluggish compared to the frenzy that had already taken off this time last year, according to Redfin, which publishes Real-Time Home Price Tracker at www.redfin.com.

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