The Baldwin County housing market continues to shift to a slower pace
with properties continuing to stay on the market longer and closed sales decreasing. According
to
Baldwin REALTORS® Multiple Listing Service (MLS) statistics, November 2022 saw just
under a $53-million decrease in total revenue of properties sold, in a year-over-year comparison
with November 2021. This was largely due to the 29.7% decrease in total number of properties
sold in Baldwin County – over 200 less closed sales than the year prior. However, the increase
in Average Sales Price across the county helped to offset the significant decrease in sales.
The Resort area of Baldwin County (which includes all of Orange Beach and Fort Morgan, plus
everything in Gulf Shores that is South of AL-180) reported an average sales price for last month
at $820,415 – a 33.7% increase from the previous year. Listings spent an average of 53 days on
market (DOM) compared to 41 days in November 2021. And the Resort market added 170 new
listings to its inventory, which is a 28.3% decrease in new inventory from last year.
Baldwin County’s Traditional Residential area (encompassing everything in Baldwin County
outside of the Resort market) saw an average sales price increase of 13.2% in the year-over-year
comparison – going from $347,627 in November 2021 to $393,091 this past month. Properties
spent an average of 40 days on market, which was 12 days longer than the year prior. The
amount of new inventory added to the market this month also decreased by 23.4% for this area
of the county.
For previous months’ housing reports,
click here.
