Baldwin County Condo Median Sales Price Up 34% From One Year Ago

By ACRE Research

Sales: According to the Baldwin County Association of Realtors Multiple Listing Service, Baldwin County condo sales, which include condos along the Gulf Coast, totaled 122 units during July, down 8.3% from 133 sales in the same month a year earlier. July sales were down 1.6% compared to 124 sales in June. Results were 18.6% below the five-year average of 150 sales. Two more resources to review: Quarterly Report and Annual Report.

For all Baldwin County condo sales data, click here.

Inventory: Baldwin County condo inventory totaled 707 units in July, an increase of 2% from July 2018’s 693 units and an increase of 1% from June 2019’s 700 units. July months of supply totaled 5.8 months, up 11.2% compared to July 2018’s 5.2 months of supply. July months of supply increased 2.7% from June’s 5.6 months of supply.Pricing: The Baldwin County condo median sales price in July was $351,500, an increase of 33.7% from one year ago and an increase of 10.2% from the prior month. The differing sample size (number of residential sales of comparative months) can contribute to statistical volatility, including pricing. ACRE recommends consulting with a local real estate professional to discuss pricing, as it will vary from neighborhood to neighborhood. The average number of days on the market (DOM) for condos sold during July was 101 days, an increase of 40.3% from 72 days in July 2018 and an increase of 17.4% from June 2019.

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