ROBERTSDALE, Alabama - January 22, 2017 – Year over year, Baldwin County is experiencing a shortage of existing homes and condos, increase of selling prices and a decrease of the average days a home is on the market.
Although the number of existing properties decreased this year by 50 from 2016 and condos have seen a decrease by about 15, new home sales have increased by 70 from last year, according to the Baldwin County Association of REALTORS® (BCAR) Multiple Listing Service (MLS).
The number of total properties sold in December 2017 decreased by 8%, 521 from the previous year’s 567. The average selling price was $288,761, and increase of 32% from 2016: $218,520. Average days a property was on the market, decreased by 39% to 98, from 2016’s 161.
The number of new construction units on the market in December 2017 jumped from last year’s 189 to this year’s 649.
December 2017’s active inventory was 3,067 total residential units, and a total sales volume of $150,444,959.
In each category, the average days on the market fell from 150 to 90 for existing properties, 166 to 87 for condos, and 181 to 128 for new construction.
The Baldwin County Association of REALTORS® (BCAR) is a professional trade association supporting the success and advancement of over 1,900 REALTORS® in the Baldwin County area. BCAR supports members through professional education, peer networking, and MLS services. We work for the protection of private property ownership and promote the work of our members in the local community. REALTORS® are held to a high standard of conduct by their peers and the National Association of REALTORS® code of ethics.