• Baldwin County housing market sees inventory decrease, increase in properties sold

    ROBERTSDALE, Ala. – As the total number of properties sold in January 2020 increased by 26.8% compared to January 2019, the sales volume did the same, yielding a 34.9% increase. Baldwin REALTORS® Multiple Listing Service (MLS) reports the total amount of residential active inventory in January 2020 was 2,793 properties compared to 3,027 in 2019. 

    A total of 492 properties sold last month, compared to 388 in January 2019. Additionally, listings moved off the market faster spending an average of 89 days in active status, compared to 94 days in January 2019. 

    January’s total sales volume increased almost 35% this year, totaling $158,035,680, compared to $117,184,277 in January 2019. The average sales price of residential properties in Baldwin County increased more than 6% to $321,210, compared with the same period last year. The average sales price was $302,021 in 2019. 

    Residential MLS Stats by Area: 

    Central Baldwin Residential Properties sold in January 2020: 100 Average Sales Price: $220,873 Average Days on Market: 84 Average Sales Price Change from January 2019: Increase 15.2% 

    Coastal Condos Residential Properties sold in January 2020: 98 Average Sales Price: $444,503 Average Days on Market: 101 Average Sales Price Change from January 2019: Increase 4.2% 

    Coastal Homes Residential Properties sold in January 2020: 67 Average Sales Price: $421,358 Average Days on Market: 107 Average Sales Price Change from January 2019: Increase 11% 
     

    Eastern Shore Residential Properties sold in January 2020: 143 Average Sales Price: $304,505 Average Days on Market: 82 Average Sales Price Change from January 2019: Increase 19.9%

    North Baldwin Residential Properties sold in January 2020: 18 Average Sales Price: $151,188 Average Days on Market: 63 Average Sales Price Change from January 2019: Decrease 2.3% 


    To find out more about the January 2020 Housing Report, visit https://bit.ly/2UzGC0R.



     

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