ROBERTSDALE, Ala. – The Baldwin County housing market continues to shift to a slower pace with properties remaining on the market longer and closed sales decreasing. According to Baldwin REALTORS® Multiple Listing Service (MLS) statistics, November 2022 saw just under a $53-million decrease in total revenue of properties sold, in a year-over-year comparison with November 2021. This was largely due to the 29.7% decrease in total number of properties sold in Baldwin County – over 200 less closed sales than the year prior. However, the increase in Average Sales Price across the county helped to offset the significant decrease in 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) reported an average sales price for last month at $820,415 – a 33.7% increase from the previous year. Listings spent an average of 53 days on market (DOM) compared to 41 days in November 2021. And the Resort market added 170 new listings to its inventory, which is a 28.3% decrease in new inventory from last year.
Baldwin County’s Traditional Residential area (encompassing everything in Baldwin County outside of the Resort market) saw an average sales price increase of 13.2% in the year-over-year comparison – going from $347,627 in November 2021 to $393,091 this past month. Properties spent an average of 40 days on market, which was 12 days longer than the year prior. The amount of new inventory added to the market this month also decreased by 23.4% for this area of the county.
For previous months’ housing reports, click here.
Residential MLS Stats by Area:
Central Baldwin
Residential Properties sold in November 2022: 216
Average Sales Price: $294,270
Average Days on Market: 74
Average Sales Price Change from November 2021: Increased 12.8%
Coastal Condos
Residential Properties sold in November 2022: 81
Average Sales Price: $622,703
Average Days on Market: 56
Average Sales Price Change from November 2021: Increased 12%
Coastal Homes
Residential Properties sold in November 2022: 59
Average Sales Price: $960,448
Average Days on Market: 48
Average Sales Price Change from November 2021: Increased 52.4%
Eastern Shore
Residential Properties sold in November 2022: 162
Average Sales Price: $479,356
Average Days on Market: 34
Average Sales Price Change from November 2021: Increased 25.1%
North Baldwin
Residential Properties sold in November 2022: 18
Average Sales Price: $206,288
Average Days on Market: 35
Average Sales Price Change from November 2021: Decreased 17.4%
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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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