Sales: According to the Baldwin Realtors, August residential sales increased 25.3% year-over-year from 681 to 853 closed transactions. Sales decreased 4.7% from July and are now up 10.8% year-to-date. Two more resources to view: Quarterly Report and Annual Report.

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

Inventory: Total homes listed for sale in August declined 37.6% year-over-year from 2,879 to 1,796 listings. Months of supply (inventory to sales ratio) decreased from 4.2 months to 2.1, reflecting a market where sellers generally have elevated bargaining power.

Pricing: The Baldwin County median sales price in August was $280,000, an increase of 14.3% from one year ago and an increase of 10.1% from July. 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.

Homes sold in August averaged 84 days on the market (DOM), selling three days slower than in August 2019.

Forecast: August sales were 57 units, or 7.2%, above the Alabama Center for Real Estate’s (ACRE) monthly forecast. ACRE projected 796 sales for the month, while actual sales were 853 units. ACRE forecast a total of 5,832 residential sales in the year to date, while there were 5,374 actual sales through August, a difference of 7.9%.

Click here to view the entire monthly report.

The Baldwin County Residential Monthly Report is developed in conjunction with the Baldwin Realtors to better serve Gulf Coast consumers.

Editor’s note: All information in this article reflects data provided to the Alabama Center for Real Estate for Aug. 1-30, 2020. Thus, the performance represented is historical and should not be used as an indicator of future results, particularly considering the impact of COVID-19 on the housing market.