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Baldwin County’s May 2019 Housing Report

Wednesday, June 12, 2019

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%

 

 

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.