According to the Baldwin Realtors, January condominium sales increased 26.9% year-over-year (Y/Y) from 67 to 85 closed transactions. Contrary to seasonal trends, sales decreased 10.5% from December. Sales are up 26.9% year-to-date. Two more resources to review: Quarterly Report and Annual Report.
Inventory: January listings (1,035) increased 3.8% from December and decreased 4.9% from one year ago. At the current sales pace, all the active inventory on the market would sell in 12.2 months, up from 10.5 in December and down from 16.2 months in January 2025. The equilibrium points where buyers and sellers have roughly equal bargaining power is 6 months of supply.
Pricing: The Baldwin County condo median sales price in January was $530,000, a decrease of 15.2% from one year ago and a decrease of 7.4% from December. 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 January averaged 132 days on the market (DOM), 53 days slower than one year ago.
Forecast: January sales were 15 units, or 22.17%, above the Alabama Center for Real Estate’s (ACRE) monthly forecast. ACRE projected 70 sales for the month, while actual sales were 85 units. ACRE forecasted a total of 70 condo sales year-to-date while there were 85 actual sales through January, a difference of 22.17%.
The Baldwin County Condominium Monthly Report is developed in conjunction with the Baldwin Realtors to better serve Gulf Coast consumers.
