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Baldwin County Monthly Housing Report: October 2018

Tuesday, November 6, 2018

 

ROBERTSDALE, Alabama – Nov. 8, 2018 – Nationally, the housing market is seeing a bit of a slow-down, compared to months past; however, Baldwin County home prices continue to rise, and the days on the market continue to fall.

The total amount of residential active inventory in October 2018 was 3,112.

595 properties were sold last month, an increase of about 2% from October 2017: 581.

Properties are staying the market for less days from 2017: decreasing 8% from 96 days last year to 88 days in last month.

October total sales volume increased almost 8% this year, $174,245,670, from $161,800,600 in October 2017.

The average sales prices of residential properties in Baldwin County this month increased 5% from 2017. Last year, the average sales price was $278,486, and this year, $292,849.

 

Residential MLS Stats by area:

Central Baldwin

Residential Properties sold in October 2018: 156

Average Sales Price: $198,932

Average Days on Market: 90

Average Sales Price Change from October 2017: Increase 4%

 

Coastal Condos

Residential Properties sold in October 2018: 100

Average Sales Price: $386,346

Average Days on Market: 83

Average Sales Price Change from October 2017: Increase 11%

 

Coastal Homes

Residential Properties sold in October 2018: 76

Average Sales Price: $448,211

Average Days on Market: 98

Average Sales Price Change from October 2017: Increase 23%

 

Eastern Shore

Residential Properties sold in October 2018: 167

Average Sales Price: $300,362

Average Days on Market: 82

Average Sales Price Change from October 2017: Increase 1.4%

 

North Baldwin

Residential Properties sold in October 2018: 21

Average Sales Price: $170,928

Average Days on Market: 82

Average Sales Price Change from October 2017: Decrease 20%