12/14/2021
New property inventory and amount sold in Baldwin County both saw double-digit increases in comparison to this time last year, according to Baldwin REALTORS® Multiple Listing Service (MLS) statistics. Baldwin MLS reports a 14.6% increase in new inventory compared to November 2020. And together, the Traditional Residential area of Baldwin County and the Resort area had a total amount sold of $289,911,985 – a 51.2% increase compared to $191,705,432 in November 2020.
Baldwin County’s Traditional Residential area saw encouraging trends in all reported categories this past month. Average sales price was a 17.6% increase in year-over-year comparison. Total properties sold for this area were 472, a 12.7% increase from November 2020 with 419 closed sales. Properties spent an average of 28 days on market, which was a 52% decrease from 2020. The amount of new inventory also increased by almost 8% for this area of the county.
According to November 2021 statistics, the Resort area of Baldwin County saw a jump of almost 32% in average sales price compared to November 2020. Closed home sales also climbed over 40% year-over-year, increasing to 204 from 145 in 2020. Homes continue to move quickly, with only 41 days on the market in 2021, while 2020 saw a 30-day difference at 71. New inventory also increased by 34.1% in year-over-year comparison.
For previous months’ housing reports, click here.