According to the Baldwin Realtors, September condominium sales increased 25.8% year-over-year from 97 to 122 closed transactions. Contrary to seasonal trends, sales increased 7.0% from August. Sales are down 4.6% year-to-date. Two more resources to review: Quarterly Report and Annual Report.
For all of Baldwin County’s condominium data, click here.
Inventory: September listings (1,207) decreased 4.3% from August and increased 9.7% from one year ago. At the current sales pace, all the active inventory on the market would sell in 9.9 months, down from 11.1 in August and down from 11.3 months in September 2024. The equilibrium point where buyers and sellers have roughly equal bargaining power is 6 months of supply.
Pricing: The Baldwin County condo median sales price in September was $507,500, a decrease of 11.0% from one year ago and a decrease of 4.1% from August. 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.
Condos sold in September averaged 97 days on the market (DOM), 9 days faster than one year ago.
Forecast: September sales were 9 units, or 8.1%, above the Alabama Center for Real Estate’s (ACRE) monthly forecast. ACRE projected 113 sales for the month, while actual sales were 122 units.
Click here to view the entire monthly report.
The Baldwin County Condominium Monthly Report is developed in conjunction with the Baldwin Realtors to better serve Gulf Coast consumers.
