According to the Baldwin REALTORS® using data from its Multiple Listing Service (MLS), the positive trend for real estate in our area is continuing through AUG. One difference to note from numbers for August in Baldwin County is that for the first time since pandemic, numbers for transactions in resort properties were higher than those of traditional residential properties.
What does this mean for consumers? For sellers, it’s still a great time to sell or exchange resort/investment properties. For buyers, this means you should be prepared. Properties aren’t on the market very long, so wise buyers will be pre-qualified so that when they find that dream property, they will be ready to purchase. Though properties in some areas show shorter average days on market (dom), the average dom for Baldwin County is 89.8 days, just under three months.
From the Baldwin REALTORS® report:
Baldwin REALTORS® Multiple Listing Service (MLS) reports a year-over-year increase in the total number of properties sold in August 2020 for both Resort and Traditional Residential areas, as well as an increase in total sales volume. August’s total amount sold for the Resort area was $137,104,280, compared to $84,762,265 in August 2019. Additionally, August’s total amount sold for Traditional Residential properties increased to $178,576,248, compared to $120,414,394 in 2019.
For previous months’ housing reports, click here.
Residential MLS Stats by Area:
About Baldwin REALTORS®
Baldwin REALTORS® is the source for real estate in Southern Alabama. We provide resources, education and tools to over 2,400 professionals across the region. We work to protect the interests of property owners, and our members serve buyers and sellers as REAL Advocates, Advisors, and Experts. Realtors agree to abide by a strict code of ethics and are held to a high ethical standard by their peers through their association membership. The term Realtor is a federally registered trademark owned by the National Association of REALTORS® and denotes membership in the Nonprofit Association.HOME All Listings Featured Listings Sold Listings Sell My Home Home Evaluation NEIGHBORHOODS BLOGS Meet our Agents Contact Us Reviews