The latest condo and home market data from the Baldwin County Association of REALTORS
"Average Days On The Market"
Up over 200 and 300%
Properties are taking longer to sell this year, but
still better than just a few years back
Prices however are standing strong
Homes are up 5% and Condos are down 4%
This is incredible to see the resilience of prices in the face of the
massive run up of mortgage rates
All things considered, we are in great shape here on the beach
Looking forward to working with you when you decide to buy or sell
251-727-6977
ROBERTSDALE, Ala. – The Traditional residential real estate of Baldwin County saw positive data trends in almost all categories for June 2023. Baldwin REALTORS® Multiple Listing Service (MLS) labels the Resort/Island-based area of real estate within the county as all of Orange Beach, Fort Morgan, and anything in Gulf Shores south of Canal Rd/180; any Baldwin properties not within these areas of the county are considered Traditional Residential. Baldwin MLS reports year-over-year increases in Average Sales Price, Total Closed Sales and Total Amount Sold for properties in the Traditional Residential areas. However, Resort properties saw a decline from June 2022’s market in these statistical categories.
Traditional Residential properties experienced a 5.2% increase in Average Sales Price at $405,946. Properties stayed on market longer with an average of 49 days, which is 28 more days than the average a year ago. For the first time in several months, Total Closed Sales surpassed the previous year’s number at 559 units sold (in comparison to 540 units sold in June 2022). There was only a 6-property decrease from the year prior in New Inventory added within the month.
Resort/Island-based properties saw a 4.2% decrease from June 2022 in Average Sales Price, resulting in $680,028. Listings spent more time on market at an average of 68 days, compared to just 21 days the year prior. A decrease was also reported in Total Closed Sales as 213 properties solid in June 2023, compared to 248 in June 2022. New Inventory added in this area of the county last month was 72 less properties than the year before.
Residential MLS Stats by Area:
Central Baldwin
· Residential Properties sold in June 2023: 223
· Average Sales Price: $349,252
· Average Days on Market: 53
· Average Sales Price Change from June 2022: Increased 9.3%
Coastal Condos
· Residential Properties sold in June 2023: 127
· Average Sales Price: $623,824
· Average Days on Market: 64
· Average Sales Price Change from June 2022: Decreased 9.4%
Coastal Homes
· Residential Properties sold in June 2023: 148
· Average Sales Price: $635,733
· Average Days on Market: 67
· Average Sales Price Change from June 2022: Decreased 2.9%
Eastern Shore
· Residential Properties sold in June 2023: 253
· Average Sales Price: $462,492
· Average Days on Market: 43
· Average Sales Price Change from June 2022: Increased 2.1%
North Baldwin
· Residential Properties sold in June 2023: 25
· Average Sales Price: $323,971
· Average Days on Market: 55
· Average Sales Price Change from June 2022: Increased 14.9%
Copyright © 2023 by the Multiple Listing Service of the Pensacola Association of
REALTORS ® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, re-transmitted, copied, framed, re-purposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS ®. Florida
Baldwin County Association Of Realtors®: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2023 and is owned either by the Mobile Area Association of REALTORS® Inc/Gulf Coast MLS; or by the developers of the software, Inside Real Estate, LLC. All rights reserved.
