Happenings









While the average sales price and active inventory dropped in February 2019 compared to February 2018, there was an increase in the sales volume and properties sold. In comparison to last year, the average days on market continues to remain steady, and homes are sitting on the market for less time each month. Baldwin Realtors’ Multiple Listing Service (MLS) reports the total amount of active residential inventory in February 2019 was 3,072.

 

A total of 531 properties were sold last month, which is an increase of 8.4 percent from February 2018 (490). Properties are staying on the market for approximately the same amount of time as February 2018: 94 days, a decrease of 1 percent from 95 days in 2018. February total sales volume increased 5 percent this year, $156,6368,303 from $148,935,358 in February 2018.

 

The average sales prices of residential properties in Baldwin County in February 2019 decreased roughly 3 percent from 2018. In 2018, the average sales price was $303,949, and in 2019, it was $294,478.

Residential MLS Stats by Area:

Central Baldwin

Residential Properties sold in February 2019: 126

Average Sales Price: $203,901

Average Days on Market: 86

Average Sales Price Change from February 2018: Increase 8.4 %

 

Coastal Condos

Residential Properties sold in February 2019: 91

Average Sales Price: $422,775

Average Days on Market: 88

Average Sales Price Change from February 2018: Increase 13%

 

Coastal Homes

Residential Properties sold in February 2019: 69

Average Sales Price: $431,272

Average Days on Market: 100

Average Sales Price Change from February 2018: Decrease 2%

 

Eastern Shore

Residential Properties sold in February 2019: 141

Average Sales Price: $296,922

Average Days on Market: 101

Average Sales Price Change from February 2018: Decrease 13%