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Baldwin County's October 2019 Housing Report

Thursday, November 7, 2019

 

ROBERTSDALE, Ala. – The Baldwin County housing market experienced an increase in the average sales price last month, while inventory decreased according to the October 2019 Housing Report. Baldwin REALTORS® Multiple Listing Service (MLS) reports 666 properties were sold in October 2019, which is an 8.6% increase from October 2018, when 613 properties were sold.

Total sales volume in October 2019 increased by 14.5% from the previous year totaling $205,489,070, compared to $179,484,470 in October 2018. The average sales price of residential properties in Baldwin County increased by 5.4% totaling $308,542, compared to $292,849 in October 2018. The total amount of residential active inventory in October 2019 was 3,052 properties, a decrease from 3,112 in 2018.

 

Residential MLS Stats by Area:

Central Baldwin

Residential Properties sold in October 2019: 162

Average Sales Price: $232,798

Average Days on Market: 74

Average Sales Price Change from October 2018: Increase 17%

 

Coastal Condos

Residential Properties sold in October 2019: 123

Average Sales Price: $409,466

Average Days on Market: 94

Average Sales Price Change from October 2018: Increase 6%

 

Coastal Homes

Residential Properties sold in October 2019: 77

Average Sales Price: $467,072

Average Days on Market: 92

Average Sales Price Change from October 2018: Increase 4.2%

 

Eastern Shore

Residential Properties sold in October 2019: 187

Average Sales Price: $300,547

Average Days on Market: 74

Average Sales Price Change from October 2018: Increase less than 1%

 

North Baldwin

Residential Properties sold in October 2019: 28

Average Sales Price: $177,715

Average Days on Market: 88

Average Sales Price Change from October 2018: Increase 4% 

 

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.