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REALTOR® Laura Sellers, Auburn, ALREALTOR® Laura Sellers, Auburn, AL

Everything you need to know about buying or selling a home or condo in the Auburn-Opelika, AL area!

LauraSellers01@Gmail.com
334-332-7263 Direct

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Alabama residential sales improve 2 percent in July

Click here to view or print the entire July report compliments of the ACRE Corporate Cabinet.

Total Sales.jpgView full sizeAlabama home sales in July experienced sales growth of 2.1 percent compared to last year. July sales are now up 51% from its July bottom in 2010. Infograph courtesy of ACRE. All rights reserved.

Alabama residential sales totaled 4,373 units in July, an increase in sales growth of 2.1 percent from the same period a year earlier and only 33 units shy of our monthly forecast. Nationally, sales were off 4.3 percent in June from the prior year. See more details of how Alabama compares to the broader US market here.

The YTD Alabama sales forecast through July projected 27,605 closed transactions while the actual sales were 26,073 units, a 3.7 percent cumulative variance. YTD sales through July have been sluggish in most markets across the State but remain 1.9 percent above the 2013. July’s performance falls in the plus column and follows a solid June which broke a strike of very sluggish months since the first of the year. Sales were up 2.3 percent in thesecond quarter compared to 2013.

Across Alabama, 48 percent of local markets reported positive sales growth compared to last July. It was 60 percent in June. This figure also remains at 48 percent when taking into account total YTD sales compared to 2013.

Pricing: Thus far in 2014, the lead story relates to pricing. The Center shared in earlier reports that pricing represents the primary indicator that still has the greatest upside in the future. At least through July, this has come to fruition as prices are up in 15 of 25 or 60 percent of local markets. While this is good news for the market, as prices increase, sales (the typical lead story) attributable to investor bargain hunting will diminish the ability of this “buyer profile” to push the sales growth needle in the future. Distressed sales continue to significantly diminish as a percentage of total sales across the US, a trend most market watchers content will continue in the future.

The median sales price improved by approximately 3.8 percent over last July and 5.4 percent when comparing the mid-year (Jan-July) average for a broader perspective. Still, Alabama remains below the nation’s recent pace of appreciation but the Center prefers gradual increases in pricing over spikes seen in many parts of the country (typically in markets hardest hit by the recession). Keep in mind that pricing can fluctuate from month-to-month due to sampling size of data and seasonal buying patterns. The median price slipped 3.2 percent from the prior month. This direction is consistent with historical data (09-13) that reflects that the July sales price traditionally increase from the month of June by .2 percent.

Supply: The statewide housing inventory in July was 34,060 units, an increase of .4 percent from July 2013 but 17.4 percent below the month of July peak in 2010 (41,259 units). There was 7.8 months of housing supply (6 months considered equilibrium during month of July) in July 2014 versus 7.9 months of supply in July 2013, a 1.7 percent favorable reduction. July inventory increased by .8 percent from the prior month. This direction contrast with historical data that indicates July inventory on average (09-13) traditionally decreases from the month of June by .6 percent.

Demand: As anticipated, July statewide residential sales declined 1.6 percent from the prior month. This direction is consistent with seasonal trends & recent historical data that indicates July sales, on average (09-13), decrease from the month of June by 5.8 percent.

The fact that there are fewer distressed properties (attracting bargain hunting investors – typically cash buyers) changing hands when compared to last year has also had an impact on the narrowing favorable percentage changes associated with sales growth.

Seeking Balance: Eight or 32 percent of local markets are considered near or in balance where buyer and seller enjoy equal bargaining power. More markets are inching closer so this is encouraging news.

In contrast to reports of lack of inventory at the national level, Alabama still has above the needed levels of supply in most local markets (14 of 25 markets or 56 percent still have 10+ months of supply) but the supply of “quality” inventory is limiting sales according to local professionals with boots on the ground. Only 11 of 25 or 44 percent of local markets have single-digit months of housing supply so this is an area where more reduction would be welcome news. Last month this figure also stood at 44 percent. With that offered, metro markets representing 70 percent of statewide transactions, are edging closer and closer to equilibrium with 6.6 months of supply.

While July’s report provides encouraging news, market participants would be wise to continue to monitor near-term progress as June/July data should not be construed as a definitive move away from the recent overall sluggishness of market during the first half of the year.

Industry Perspective: “Housing data point to a continued but modest rebound in the housing market, in line with our prior forecast,” said Fannie Mae Chief Economist Doug Duncan. “Recent housing activity picked up seasonally as we expected, yet many indicators remain near or below the levels for the same period last year. For all of 2014, we continue to expect total home sales to decline about 2.0 percent and total mortgage originations to decline approximately 41.0 percent. We also expect total single-family mortgage debt outstanding to rise slightly this year before strengthening further in 2015.” For full report, go HERE.

This monthly report is provided compliments of the ACRE Corporate Cabinet. 

2013 Alabama Residential Recap – Sales Up 10%

Please click here for the link to the story.

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Client Reviews

High attention to detail

"Laura Sellers is a relationship driven professional that has a high attention to detail and works diligently to ensure a positive outcome for her clients. Laura is a woman of high integrity.”

Tom R.

Phenomenal job

"Laura Sellers did a phenomenal job of listening to our objectives and helping us clarify what we were really seeking in our new home. I do not hesitate to call her whenever I need help with all of our real estate needs. I also make sure I recommend her to all my friends."

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Laura is the best Realtor in Auburn!

I've worked with many real estate agents in the past, but never one as professional, organized, and patient as Laura Sellers.. During the two days I spent searching for the perfect home in Auburn with Laura, she not only took the time to schedule a wide range of listings across Auburn, but she also took

Sam CEO Northcutt Enterprises Auburn, AL

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Laura is exceptionally accommodating and very responsive. We were first-time home buyers, and she was very patient and helpful with all our questions! Highly recommend. Will definitely be referring her to friends and family.

Sarah EAMC Auburn, AL

Realtor review – Auburn, AL

Laura is professional and knowledgeable in assisting both buyers and sellers. She was well versed in the local market and was in tune with my families vision for our new home. She sold our last house in a few weeks. I wouldn't hesitate to use her again.

Sarah Jennings

Home Buyer in Auburn AL

Laura made buying a home an incredibly enjoyable and smooth process. My husband and I are first-time home buyers so there was a lot of education taking place during the past few months. We found that Laura was always on the ball and one-step ahead to make sure their weren't any surprises. Not only that,

Ginger Sweeney Auburn, AL

Home Buyer in Auburn AL

Laura helped me through every step of the way when buying a home in Auburn, AL. She was always easily reachable and prompt in responses and saved me at least 15 grand on the sale. She was recommended to me by a friend who had a wonderful experience with her as well! Highly recommended.

Stephan O Auburn, AL

Seller

From the beginning Laura was hardworking, honest, and extremely knowledgeable about real estate. She made the process of selling my home easy. I received the price I wanted and I could not be happier. I would use her services again in a heartbeat and I strongly recommend her if you want to sell your home!

Melissa G

Home Seller in Auburn, AL

Selling my house could not have been easier. I live out of state and closed while across the country. The house needed repairs. Even considering all those potential problems, she went out of her way to make sure everything went smoothly. Laura was always easy to get a hold of and she has great contacts

Bryan S

Retired Buyer

Laura Sellers was a huge help in my search for a new home. She was always available for showings when it was convenient for me and very quick to respond. Being able to see homes as soon as they hit the market was crucial for my price range. She was very honest and did not

Kate S Auburn, AL

Home Seller

Laura Sellers did a truly remarkable job for us, selling our house in Auburn. We were having a very difficult time finding a buyer for our house before we met Laura. The house sat on the market for nearly a year when we decided it was time to list it with Berkshire Hathaway HomeServices. We

Harry T Auburn, AL

Purchased House for Sale Auburn AL

Laura Sellers was a huge help in my search for a new home. She was always available for showings when it was convenient for me and very quick to respond. Being able to see homes as soon as they hit the market was crucial for my price range. She was very honest and did not

Beth C House for Sale in Auburn Al

Best Auburn AL Realtor

I have done business with Laura for many years.She is by far the best of the best. She is not only loyal and trustworthy ..she gets the job done . She is attentive , caring and honest. I refer all my friends to her . She has been our Realtor for years and I would

Kathleen D Auburn AL

Buying a house in Auburn AL

It was a pleasure to work with Laura. She is acceptionally professional, and has a great knowledge of the area and the market. We felt comfortable to come to her for any advice and concern, and she always come through with good recommendations and problem solutions. If we ever decide to sell our house or

Andy W Auburn AL

Best Auburn Realtor

I have to say that Laura Sellers exceeded our expectations in every way. Laura is the smartest realtor that I have ever met. She takes care of business rather quickly and efficiently. She is very thoughtful and thinks of everything. From day 1 she did everything she said she would do.  She is a person

Natalie G

Best Auburn Realtor

Words cannot express how thankful I am for Laura. Selling my first home was hard enough and she went above and beyond to ensure (1) I was well informed before moving forward with my sale, (2) made sure I was updated in a timely manner throughout the entire process, and (3) took the time to

Craig C Auburn AL

Best Realtor in Auburn AL

Laura was awesome to work. We were new to the area and was knowledgeable about the town and various neighborhoods. We highly recommend her! We told her what we were looking for and she lined up properties for us to see. Often spending an entire day with us. She understands very well what to look 

Sally S

Laura is the best Realtor in Auburn

This was my second time working with Laura as a home buyer. She is great to work with and is very accessible to her clients. She kept me informed throughout the escrow process and I had a smooth and stress-free closing experience. I would work with Laura again and recommend her services to anyone considering

Best Realtor Auburn AL

This is the second real estate transaction we have done with Laura. She made the buying process easy and painless for us. This was especially important since we weren't physically present for the transaction. Laura went above and beyond, making sure we received and understood all the documents,  accommodating the needs of the seller who

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Best Auburn Realtor Berkshire Hathaway HomeServices

We stumbled on to Laura through blind luck and and sticking with her was easily the best decision we made throughout the whole process (even including the whole choosing our house decision!) Finding a place can be a long, daunting process, and if you should be so  lucky to find a place that works, getting

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The Legacy at Cary Creek – Best Auburn Realtor

I think if it wasn’t for Laura, I would never have found my new home and it is beyond perfect. Laura knows all of the right people - including lenders, attorneys, etc. to get the job done as smoothly as possible. As a retiree, I had not purchased a home in a long time and

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Laura Sellers was phenomenal to work with. Not only did we get eight offers in just 24 hours, we got an all cash offer above our asking price. Laura was very responsive and she worked tirelessly to ensure the deal got done and very quickly. I highly recommend her as I do her firm.

Rob C

Best Auburn Realtor

Laura just helped us purchase a home in Auburn, AL. Without her help I don’t think we would have gotten this home. And without her, we would not have been able to cope with the emotional roller coaster that goes with being a buyer in a highly competitive market. Throughout the process Laura was a

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Auburn Condo

Laura was professional from the start of what can be a very stressful process. She was always available and quick to respond to any requests or concerns I had. My property sold in less than 1 day for over my asking price.

Phillip A Auburn AL

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Everyone at Berkshire Hathaway HomeServices has been very helpful and accommodating while selling my Auburn, AL home. It made selling very easy for our busy family. Also Laura is amazing.

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Buying a home is an extremely stressful thing. I needed someone that was going to answer my questions and have my back. I have the highest praise for Laura. She is very knowledgeable, in all the categories above. Her and her team work very hard to make sure their clients are happy. She also is

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SOLD my Auburn, AL home in less than 2 weeks with Laura at Berkshire Hathaway HomeServices

SOLD my Auburn, AL home in less than 2 weeks with Laura at Berkshire Hathaway HomeServices

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We are so fortunate to have the opportunity to work with Laura! We were moving in from out of state and had a very limited timeframe to house-hunt and a really wide range of areas we could live in! She immediately understood what we were looking for and every set of homes she added to

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REALTOR® Laura Sellers, Auburn, AL

334-332-7263 Direct
LauraSellers01@Gmail.com
1810 E Glenn Ave., Ste 130
Auburn, AL 36830


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