Baldwin County April Condo Sales Up Slightly From Last Year

By ACRE Research

Sales: According to the Baldwin County Association of Realtors Multiple Listing Service, Baldwin County condo sales, which include condos along the Gulf Coast, totaled 164 units during April, up 1.2 percent from 162 sales in the same month a year earlier. April sales were down 8.4 percent compared to 179 sales in March. Results were 7.3 percent above the five-year average of 153 sales. Two more resources to review: Quarterly Report and Annual Report.

For all of Baldwin County’s condo sales data, click here.

Inventory: Baldwin County condo inventory totaled 756 units in April , an increase of 1.2 percent from April 2018’s 747 units and a decrease of 0.5 percent from March 2019’s 760 units. April months of supply totaled 4.6 months, equivalent to April 2018’s months of supply. April months of supply increased 8.6 percent from March’s 4.2 months of supply.Pricing: The Baldwin County condo median sales price in April was $347,500, a decrease of 3.1 percent from one year ago and also a decrease of 12 percent from the prior month. This direction is inconsistent with historical data (2014-18) indicating that the April median sales price on average increases from March by 4.8 percent. The differing sample size (number of residential sales of comparative months) can contribute to statistical volatility, including pricing. ACRE recommends consulting with a local real estate professional to discuss pricing, as it will vary from neighborhood to neighborhood. The average number of days on the market (DOM) for condos sold during April was 92 days, an increase of 29.6 percent from 71 days in April 2018 and an increase of 8.2 percent from March 2019.

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