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.
All information provided by Baldwin Realtors