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Tuesday, September 28, 2010

Baldwin County Residential Market (Total, North, Central, South)

This snapshot view of the residential housing market is designed to provide a useful source of data and information. We hope you find it useful. Comments are always welcome.

The average sales price in Baldwin County for August decreased 7.83 percent to $199,160, and the median sales price declined 5.94 percent to $159,900. Median sale prices in the North showed a dramatic increase of 17.15 percent to $157,450, the Central median decreased 0.74 percent to $140,450, and the South increased 4.1 percent to $234,750.

Sales fell to 16 in the North, increased to 90 in the South, and grew to 154 in the Central area. For the whole county, sales increased by 21 to 260.

Average days on the market for the whole county increased from 176 in July to 179 in August. The South increased to 201, the Central region declined to 160, and the North increased from 165 in July to 236 in August.

The number of homes sold in the U.S. increased by 5.5 percent in June. The median sales price increased 4.8 percent to $183.000. The number of months required to sell the existing inventory increased to 8.9. The National Association of Realtors recommends a 6 to 8 month range for a healthy market.

If you'd like an analysis like this done for a specific neighborhood or town in Baldwin County, AL, please feel free to call or email me and I'll be glad to put one together for you.
Also, if you'd like more information on the Fairhope, Orange Beach, Gulf Shores, Daphne or Baldwin County  markets, or on specific properties down here, feel free to email me at Terryl@FairhopeRealtyGroup.com; or call me at 251-990-8838.
You can also visit my web-site and search the MLS on your own at www.FairhopeRealtyGroup.com.

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