Click here to view or print the entire monthly report compliments of the ACRE Corporate Cabinet.

Sales: According to the Baldwin County Association of Realtors Multiple Listing Service, Baldwin County condo sales, which include condos along the Gulf Coast, totaled 173 units during May. Year-to-date sales are six units or 0.9 percent below the same period during 2015.

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

Condo sales in Baldwin County rose 6.8 percent from April.

Forecast: May sales were 14 units or 9 percent above the Alabama Center for Real Estate’s (ACRE) monthly forecast. ACRE’s year-to-date sales forecast through May projected 641 closed transactions. Year-to-date actual sales are 668 units, a 4 percent favorable difference.

Supply: Baldwin County condo inventory totaled 896 units, a decrease of 14.7 percent, or 154 units, from May 2015. The inventory was down 2.2 percent from the prior month. Historical patterns indicate that May inventory on average (2011-15) decreases 1.4 percent from April. Condo inventory during May peaked in 2011 at 1,300 units. The inventory is now down 31.1 percent from the peak. During May, the condo supply stood at 5.1 months, down from 6.9 months during May 2015.

Demand: Condo sales rose 6.8 percent from April. Seasonal buying patterns and historical data trends reflect May condo sales on average (2011-15) increase from April by 6.3 percent.

Pricing: The Baldwin County condo median sales price in May was $239,000, down 8.4 percent from last May. The median sales price decreased 12.9 percent from the prior month. This direction is consistent with historical data trends (2011-15) that reflect the May median condo sales price on average decreases from April by 9.6 percent.

The average sales price for condos sold in Baldwin County during May was $291,309.

On average, homes sold during May in Baldwin County spent 163 days on the market.

Year-to-date condo sales in Baldwin County slipped by 0.9 percent during May.

There were 896 condos listed for sale in Baldwin County during May.

The median sales price for condos sold in Baldwin County during May was $239,000.

The were 5.1 months of supply on the market in Baldwin County during May.

There were 173 condos sold in Baldwin County during May, up 13 percent from last year.

Baldwin County Condo Monthly Report is developed in conjunction with the Baldwin County Association of Realtors to better serve both local and worldwide consumers interested in the beaches along Alabama’s gulf coast.