Baldwin County November Housing Report

According to Baldwin REALTORS Multiple Listing Service statistics, November 2022 saw just under a $53-million decrease in total revenue of properties sold compared to November 2021. This was largely due to the 29.7% decrease in total number of properties sold in Baldwin County. However, the increase in average sales price across the county helped offset the decrease in sales. The “Resort” area reported an average sales price of $820,415, a 33.7% increase from the previous year. Listings spent an average of 53 days on market, compared to 41 days in November 2021. Also, the “Resort” market added 170 new listings to its inventory, which is a 28.3% decrease in new inventory from last year. The “Traditional Residential” area 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.