ROBERTSDALE, Alabama - March 20, 2018 – Nationwide, and now in Baldwin County, consumers are experiencing a shortage of homes for those ready to buy.
According to the Baldwin County Association of REALTORS® (BCAR) Multiple Listing Service (MLS), February 2018 active inventory was 3,143 residential properties.
The total number of properties sold in February ’18 was 446, up 5.2% from 443 in 2017. With the decrease in housing inventory, the residential average sales prices continue to rise, 18% from 2017 ($257,494) to this year, $304,901.
The total residential sales volume throughout the county was just over $142,000,000, up 25% from February 2017, which was $114,114,212.
Homes spent less time on the market last month over 2017, decreasing 43%, from 169 to just under 100 days.
Central Baldwin housing saw and increase of sales prices 4.15%, North Baldwin saw and increase of 19% in average sales price, coastal homes prices are up 34%, coastal condos prices are up 9%, and Eastern Shore average prices were up almost 30%.
There was a decrease in condo sales by about 100 units; however, the price average selling prices increase by $40,000, and the median selling price also increased by about $50,000.
The Baldwin County Association of REALTORS® (BCAR) is a professional trade association supporting the success and advancement of over 1,900 REALTORS® in the Baldwin County area. BCAR supports members through professional education, peer networking, and MLS services. We work for the protection of private property ownership and promote the work of our members in the local community. REALTORS® are held to a high standard of conduct by their peers and the National Association of REALTORS® code of ethics.