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Baldwin County Monthly Housing Report: March 2019

Friday, April 5, 2019

ROBERTSDALE, Ala. – The busy tourism season is upon us, and this doesn’t only apply to the beach areas in Baldwin County. The housing market is swinging up for the summer and it seems to only be getting busier for Realtors, home buyers and sellers. Baldwin Realtors’ Multiple Listing Service (MLS) reports the total amount of residential active inventory in March 2019 was 3,168.

A total of 680 properties were sold last month, which is an increase of 2.3 percent from March 2018 (665). Properties are staying on the market for approximately 94 days in 2019, a 6 percent decrease from last year (100 days). March total sales volume increased 13 percent this year, $211,461,516 from $187,110,495 in March 2018.

The average sales prices of residential properties in Baldwin County in March 2019 increased 11 percent from 2018. In 2018, the average sales price was $281,369, and in 2019, it was $310,972.

 

Residential MLS Stats by Area:

Central Baldwin

Residential Properties sold in March 2019: 143

Average Sales Price: $181,426

Average Days on Market: 86

Average Sales Price Change from March 2018: Decrease 3%

 

Coastal Condos

Residential Properties sold in March 2019: 171

Average Sales Price: $425,240

Average Days on Market: 91

Average Sales Price Change from March 2018: Increase 15%

 

Coastal Homes

Residential Properties sold in March 2019: 75

Average Sales Price: $489,856

Average Days on Market: 104

Average Sales Price Change from March 2018: Increase 19%

 

Eastern Shore

Residential Properties sold in March 2019: 117

Average Sales Price: $291,860

Average Days on Market: 117

Average Sales Price Change from March 2018: Increase 3%

 

North Baldwin

Residential Properties sold in March 2019: 20

Average Sales Price: $142,233

Average Days on Market: 73

Average Sales Price Change from March 2018: Decrease 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.