Baldwin County July 2024 Housing Report

 Baldwin REALTORS Multiple Listing Service reports that the “Resort/Island” submarket saw year-over-year decreases in average days on market and closed sales in July. Oppositely, the “Traditional Residential” submarket experienced listings spending more days on market and more closed sales in comparison with July 2023 statistics. In “Resort,” average sales price saw an 8.2% increase from July 2023, resulting in an average of $759,693. Listings spent significantly less time on the on market at an average of 87 days, compared to 122 days the previous year. Additionally, a decrease was reported in total closed sales, as 127 properties sold in July 2024, compared to 187 in July 2023. In “Traditional Residential,” average sales price experienced a 6.3% increase from July 2023 at $413,712. Properties stayed on the market longer, with an average of 63 days, which is 12 more days than the average a year ago. Total closed sales also reported a gain of 44 properties at 483 properties sold.