ROBERTSDALE, Ala. – There’s no denying it – real estate was a profitable industry for Baldwin County in 2020. Even amidst a global pandemic and a low-inventory market, Baldwin County still managed to top 2019’s sales volume, sales price and total properties sold. Properties also spent less time on the market than the year prior. Baldwin REALTORS® Multiple Listing Service (MLS) reports the total amount of residential new listings with effective dates in 2020 was 12,720 properties, compared to 13,063 in 2019.
A total of 9,214 properties sold in Baldwin County last year, which is a significant increase of 14.3% from 2019 (8,063). Additionally, these properties moved even faster with an average of 95 days spent on the market, compared to 102 days in 2019.
Last year’s total sales volume saw the highest increase at 19.4%, totaling $2,835,915,934, compared to $2,375,875,815, in 2019. The average sales prices of residential properties sold in Baldwin County also increased 4.3% to $307,457. The average sales price was $294,663, in 2019.
For monthly housing reports, click here.
About Baldwin REALTORS®
Baldwin REALTORS® is the source for real estate in Southern Alabama. We provide resources, education and tools to over 2,400 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.