ROBERTSDALE, Ala. – The Baldwin County housing market experienced an increase in the average sales price last month, while inventory decreased according to the October 2019 Housing Report. Baldwin REALTORS® Multiple Listing Service (MLS) reports 666 properties were sold in October 2019, which is an 8.6% increase from October 2018, when 613 properties were sold.
Total sales volume in October 2019 increased by 14.5% from the previous year totaling $205,489,070, compared to $179,484,470 in October 2018. The average sales price of residential properties in Baldwin County increased by 5.4% totaling $308,542, compared to $292,849 in October 2018. The total amount of residential active inventory in October 2019 was 3,052 properties, a decrease from 3,112 in 2018.
Residential MLS Stats by Area:
Central Baldwin
Residential Properties sold in October 2019: 162
Average Sales Price: $232,798
Average Days on Market: 74
Average Sales Price Change from October 2018: Increase 17%
Coastal Condos
Residential Properties sold in October 2019: 123
Average Sales Price: $409,466
Average Days on Market: 94
Average Sales Price Change from October 2018: Increase 6%
Coastal Homes
Residential Properties sold in October 2019: 77
Average Sales Price: $467,072
Average Days on Market: 92
Average Sales Price Change from October 2018: Increase 4.2%
Eastern Shore
Residential Properties sold in October 2019: 187
Average Sales Price: $300,547
Average Days on Market: 74
Average Sales Price Change from October 2018: Increase less than 1%
North Baldwin
Residential Properties sold in October 2019: 28
Average Sales Price: $177,715
Average Days on Market: 88
Average Sales Price Change from October 2018: Increase 4%