ROBERTSDALE, Ala. – While real estate continues to move quickly on and off the market in Baldwin County, the number of sales is showing a slight slowdown. Baldwin REALTORS® Multiple Listing Service (MLS) reports a major year-over-year decrease in average Days on Market (DOM) in August 2021 for both Resort and Traditional Residential areas, as well as decreases in both areas in the total number of closed sales.
The Resort area of Baldwin County (which includes all of Orange Beach and Fort Morgan, plus everything in Gulf Shores that is South of AL-180) saw an 81.6% decrease in average DOM, going from 189 days in August 2020 to just 36 days last month. The Traditional Residential market (which encompasses everything in Baldwin County outside of the Resort market) also saw a drop at only 22 DOM this past month – a 69.4% decrease from 2020.
But where August 2020 saw 860 properties sold, there were only 814 properties sold in this last month. Additionally, this is the second month in a row that we have seen a decrease in number of sales from the previous month. July 2021 saw 844 properties sold, while June 2021 saw over 1,000. While these decreases are not severe, it is mimicking a trend seen nationally.
Another local statistic that also continues to be in line with the national trends is that Average Sales Price continues to rise. From North Baldwin to Gulf Coast condos, all areas and property types of Baldwin County saw a year-over-year increase in Average Sales Price, once again. The Resort area of Baldwin County had the greatest increase at 29.1% in comparison to August 2020.
For previous months’ housing reports, click here.
Residential MLS Stats by Area:
Central Baldwin
Residential Properties sold in August 2021: 294
Average Sales Price: $268,311
Average Days on Market: 55
Average Sales Price Change from August 2020: Increased 22.9%
Coastal Condos
Residential Properties sold in August 2021: 183
Average Sales Price: $549,140
Average Days on Market: 34
Average Sales Price Change from August 2020: Increased 32.4%
Coastal Homes
Residential Properties sold in August 2021: 109
Average Sales Price: $726,923
Average Days on Market: 40
Average Sales Price Change from August 2020: Increased 30.9%
Eastern Shore
Residential Properties sold in August 2021: 261
Average Sales Price: $380,449
Average Days on Market: 21
Average Sales Price Change from August 2020: Increased 10%
North Baldwin
Residential Properties sold in August 2021: 28
Average Sales Price: $229,166
Average Days on Market: 16
Average Sales Price Change from August 2020: Increased 3.6%
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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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