Baldwin County Condo Sales Down In September

According to Baldwin REALTORS and reported by the Alabama Real Estate Journal, September condominium sales decreased 26.8% year-over-year, from 138 to 101 closed transactions. Contrary to seasonal trends, sales decreased 17.9% from August. Sales are down 27.1% year-to-date. September listings (852) increased 10.2% from August and increased 70.7% from one year ago. At the current sales pace, all the active inventory on the market would sell in 8.4 months, up from 6.3 months in August 2023 and 3.6 months in September 2022. The Baldwin County condo median sales price in September was $535,000, an increase of 1.9% from one year ago and an increase of 1.9% from August. Condos sold in September averaged 66 days on the market, 23 days slower than one year ago.