With less inventory on the market in 2019, Baldwin County still managed to top last year’s sales volume, sales price and properties sold, compared to 2018. Properties also spent less time on the market. Baldwin REALTORS® Multiple Listing Service (MLS) reports the total amount of residential active inventory in 2019 was 2,824 properties.
A total of 7,992 properties were sold last year, which is an increase of 3.4% from 2018 (7,729). Additionally, properties moved even faster with an average of 83 days spent on the market, compared to 89 days in 2018.
Last year’s total sales volume increased 9.5%, totaling $2,464,232,991, compared to $2,250,398,706, in 2018. The average sales prices of residential properties sold in Baldwin County increased 1.7% to $308,337, from 2018. The average sales price was $292,162, in 2018.
As the total number of properties sold in December 2019 increased by 30% compared to December 2018, the sales volume did the same, yielding a 48% increase year-over-year. Baldwin REALTORS® Multiple Listing Service (MLS) reports the total amount of residential active inventory in December 2019 was 2,824 properties.
A total of 670 properties sold last month, compared to 515 in December 2018. Additionally, properties moved off the market faster spending an average of 79 days in active status, compared to 89 days in December 2018.
December’s total sales volume increased 48% this year, totaling $208,401,216, compared to $140,944,064, in December 2018. The average sales prices of residential properties in Baldwin County increased more than 13% to $311,046, from 2018. The average sales price was $273,677, in 2018.
Residential MLS Stats by Area:
Central Baldwin
Residential Properties sold in December 2019: 145
Average Sales Price: $204,844
Average Days on Market: 55
Average Sales Price Change from December 2018: Increase 14.8%
Coastal Condos
Residential Properties sold in December 2019: 131
Average Sales Price: $431,779
Average Days on Market: 114
Average Sales Price Change from December 2018: Increase 12.2%
Coastal Homes
Residential Properties sold in December 2019: 91
Average Sales Price: $474,661
Average Days on Market: 88
Average Sales Price Change from December 2018: Increase 29.1%
Eastern Shore
Residential Properties sold in December 2019: 199
Average Sales Price: $291,808
Average Days on Market: 71
Average Sales Price Change from December 2018: Increase 3.1%
North Baldwin
Residential Properties sold in December 2019: 21
Average Sales Price: $195,539
Average Days on Market: 81
Average Sales Price Change from December 2018: Increase 20.3%
