Baldwin County Housing Market Sees Spike in Properties Sold Last Month

Submitted: Baldwin Realtors

ROBERTSDALE, Ala. – Baldwin County’s median home price reached a new high in May 2019 compared to last year, while active listings stayed on the market for less time year-over-year. As peak season continues, properties are expected to remain on the market for even shorter periods of time. Baldwin Realtors’ Multiple Listing Service (MLS) reports the total amount of residential active inventory in May 2019 was 3,206 properties. 

A total of 785 properties were sold last month, which is an increase of 6% from May 2018 (741). Additionally, properties were on the market for approximately 76 days last month compared to 88 days in May 2018, selling almost 14% faster year-over-year. 

May’s total sales volume increased 15.8% this year, totaling $243,834,526, compared to $210,551,609 in May 2018. The average sales prices of residential properties in Baldwin County increased 9.3% to $310,617 from 2018. The average sales price was $284,145, in 2018. 

Residential MLS Stats by Area: 

Central Baldwin
Residential Properties sold in May 2019: 175
Average Sales Price: $203,363
Average Days on Market: 69
Average Sales Price Change from May 2018: Increase 2% 

Coastal Condos
Residential Properties sold in May 2019: 162
Average Sales Price: $422,139
Average Days on Market: 75
Average Sales Price Change from May 2018: Increase 15% 

Coastal Homes
Residential Properties sold in May 2019: 91
Average Sales Price: $429,123
Average Days on Market: 92
Average Sales Price Change from May 2018: Increase 9% 

Eastern Shore
Residential Properties sold in May 2019: 246 ]
Average Sales Price: $312,368
Average Days on Market: 78
Average Sales Price Change from May 2018: Increase 5% 

North Baldwin
Residential Properties sold in May 2019: 15
Average Sales Price: $162,486
Average Days on Market: 48
Average Sales Price Change from May 2018: Increase 6% 

To find out more and view the full the May Housing Report, visit http://bit.ly/2Rao5nR. 










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