Baldwin County October Statistics

BALDWIN COUNTY, Ala — According to Baldwin REALTORS Multiple Listing Service statistics, October saw an almost $70-million decrease in total revenue of properties sold in a year-over-year comparison with October 2021. This was largely due to the 28.6% decrease in total number of properties sold in Baldwin County, which is 199 fewer closed sales than in the year prior. However, the increase in average sales price helped to offset the significant decrease in sales. The “Resort” area reported an average sales price for last month at $652,233, a 12.9% increase from the previous year. Listings spent an average of 52 days on market (DOM), compared to 30 days in October 2021. Also, the “Resort” market added 189 new listings to its inventory, which is a 26.2% decrease in new inventory from last year. The “Traditional Residential” area saw an average sales price increase of 11.4% in the year-over-year comparison, going from $341,444 in October 2021 to $380,336. Properties spent an average of 36 DOM, which was 12 days longer than the year prior. The amount of new inventory added to the market this month also decreased by 11.5% for this area.