ROBERTSDALE, Ala. – We’re beginning to see the first signs of buyer reluctancy in the Baldwin County Housing Market. While Baldwin REALTORS® Multiple Listing Service (MLS) reports an increase in new listings for April 2022 compared with April 2021, the same cannot be said for total properties sold. The Traditional Residential area of the county saw a 4.8% decrease in closed sales from the year prior, and the Resort area of the county saw its second month in a row of decreases in total closed sales at just 277 properties (a 14% decrease from April 2021).
Even with these downward trending statistics, members assure us that they are still seeing multiple offers and escalation clauses when assisting sellers in this current market. Home prices have also never been higher for either area of our county.
The average sales price for the Resort area of Baldwin County is the highest average we’ve seen thus far in our month-to-month reporting. December 2021’s record-breaking $663,225 has been surpassed by this past month’s average sales price of $689,312. Additionally, this area of the county saw a significant dip in days on market (DOM). Where April 2021 had an average of 50 days for listings, April 2022 saw an average of just 33 days.
The Traditional Residential market in Baldwin County also saw an average sales price that breaks its record, reporting at $377,707 for April 2022. They also saw a significant decrease of DOM. At just 29 days, homes are flying off the market 19.4% faster than the year prior.
Residential MLS Stats by Area:
Central Baldwin
Residential Properties sold in April 2022: 278
Average Sales Price: $259,501
Average Days on Market: 70
Average Sales Price Change from April 2021: Increased 18.7%
Coastal Condos
Residential Properties sold in April 2022: 177
Average Sales Price: $609,194
Average Days on Market: 23
Average Sales Price Change from April 2021: Increased 27.3%
Coastal Homes
Residential Properties sold in April 2022: 150
Average Sales Price: $676,056
Average Days on Market: 46
Average Sales Price Change from April 2021: Decreased 2.9%
Eastern Shore
Residential Properties sold in April 2022: 238
Average Sales Price: $440,311
Average Days on Market: 25
Average Sales Price Change from April 2021: Increased 22.1%
North Baldwin
Residential Properties sold in April 2022: 19
Average Sales Price: $260,810
Average Days on Market: 17
Average Sales Price Change from April 2021: Increased 33.7%
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About Baldwin REALTORS®
Baldwin REALTORS® is the source for real estate in Southern Alabama. We provide resources, education and tools to over 2,500 professionals across the region. We work to protect the interests of property owners, and our members serve buyers and sellers as REAL Advocates, Advisors, and Experts. Realtors agree to abide by a strict code of ethics and are held to a high ethical standard by their peers through their association membership. The term Realtor is a federally registered trademark owned by the National Association of REALTORS® and denotes membership in the Nonprofit Association.
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