Baldwin Realtors May Housing Report

Baldwin REALTORS Multiple Listing Service reports year-over-year increases for May 2023 in average days on market, but the number of new listings and closed sales decreased for both “Traditional Residential” and “Resort/Island” properties in the county. Additionally, “Traditional Residential” continued to see slight average sales price increases, while “Resort/Island” experienced a slight dip in sold prices in May. In the “Resort” area of Baldwin County (all of Orange Beach and Fort Morgan and anything in Gulf Shores south of Canal Road/Highway 180), average sales price saw a 1.9% decrease from May 2022, resulting in an average of $719,985. Listings spent more time on the market, at an average of 68 days, compared to just 25 days the year prior. A decrease was reported in total closed as 198 properties sold in May 2023, compared to 248 in May 2022. In “Traditional Residential,” average sales price experienced a 4.3% increase from May 2022 at $399,695. Properties stayed on market longer at an average of 51 days, which is 28 more days than the average a year ago. There were 132 fewer new listings and 123 fewer properties sold in this area than last year.