Boardwalk

Baldwin County Monthly Housing Report: July 2018

Home Sales, Prices and Days on Market Slightly Decrease from ‘17

Tuesday, August 7, 2018

 ROBERTSDALE, Alabama – August 7, 2018 – Although home sales and prices dipped slightly last month compared to this time last year, homes are spending less and less time on the market. It’s not unusual for a home to be on the market for one day or less in Baldwin County.

The total amount of residential active inventory in July 2018 was 3,187.

707 properties were sold last month, about the same as July 2017: 708.

Properties are staying the market for less days from 2017: decreasing 52% from 185 days last year to 88 days in July 2018.

July total sales volume decreased 7% this year, $198,755,110, from $212,096,072 in July 2017.

The average sales prices of residential properties in Baldwin County this month decreased 6% from 2017. Last year, the average sales price was $299,570, and this year, $281,124.

 

Residential MLS Stats by area:

Central Baldwin

Residential Properties sold in July 2018: 170

Average Sales Price: $182,535

Average Days on Market: 78

Average Sales Price Change from July 2017: increase 7.12%

 

Coastal Condos

Residential Properties sold in July 2018: 116

Average Sales Price: $347,916

Average Days on Market: 74

Average Sales Price Change from July 2017: decrease 9.37%

 

Coastal Homes

Residential Properties sold in July 2018: 80

Average Sales Price: $377,951

Average Days on Market: 141

Average Sales Price Change from July 2017: increase 10.6%

 

Eastern Shore

Residential Properties sold in July 2018: 229

Average Sales Price: $298,042

Average Days on Market: 80

Average Sales Price Change from July 2017: increase 8.45%

 

North Baldwin

Residential Properties sold in July 2018: 18

Average Sales Price: $$155,538

Average Days on Market: 72

Average Sales Price Change from July 2017: decrease 13.15%

 

About BCAR

The Baldwin County Association of REALTORS® (BCAR) is a professional trade association supporting the success and advancement of over 2,000 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.