Baldwin County housing market sees 15% decrease in days on market

Submitted: Baldwin Realtors

 

ROBERTSDALE, Ala. – When a ‘for sale’ sign goes up in Baldwin County, you can bet it won’t stay on the market long, according to the August 2019 Housing Report. Baldwin REALTORS® Multiple Listing Service (MLS) reports 750 properties were sold last month, which is consistent from August 2018, when 756 properties were sold. Additionally, property listings were moving quickly, spending about 15% fewer days on the market in August 2019, an average of 78 days last month compared to 92 days in August 2018.

Total sales volume from August 2019 also remained consistent from the previous year totaling $226,568,923, compared to $226,950,746 in August 2018. The average sales price of residential properties in Baldwin County increased slightly totaling $302,191, compared to $300,199 in 2018. The total amount of residential active inventory in August 2019 was 3,148 properties, an increase from 2018.

 

Residential MLS Stats by Area:

Central Baldwin

Residential Properties sold in August 2019: 173

Average Sales Price: $209,059

Average Days on Market: 71

Average Sales Price Change from August 2018: Increase 6%

 

Coastal Condos

Residential Properties sold in August 2019: 126

Average Sales Price: $391,752

Average Days on Market: 85

Average Sales Price Change from August 2018: Increase 6%

 

Coastal Homes

Residential Properties sold in August 2019: 94

Average Sales Price: $438,242

Average Days on Market: 105

Average Sales Price Change from August 2018: Increase 2%

  

Eastern Shore

Residential Properties sold in August 2019: 232

Average Sales Price: $314,773

Average Days on Market: 81

Average Sales Price Change from August 2018: Increase 7%

 

North Baldwin

Residential Properties sold in August 2019: 21

Average Sales Price: $190,322

Average Days on Market: 39

Average Sales Price Change from August 2018: Increase 9%

 

About Baldwin REALTORS®

Baldwin REALTORS® is the source for real estate in Southern Alabama. We provide resources, education and tools to over 2,300 professionals across the region. We work to protect the interests of property owners, and our members serve buyers and sellers as REAL Advocates, Advisors, and Experts. Realtors agree to abide by a strict code of ethics and are held to a high ethical standard by their peers through their association membership. The term Realtor is a federally registered trademark owned by the National Association of REALTORS® and denotes membership in the Nonprofit Association.

 









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