According to the Baldwin Realtors, May condominium sales increased 42.7% year-over-year (Y/Y) from 103 to 147 closed transactions. Contrary to seasonal trends, sales decreased 5.8% from April. Sales are up 35.9% year-to-date. Two more resources to review: Quarterly Report and Annual Report.
Inventory: May listings (1,127) decreased 1.7% from April and decreased 13.2% from one year ago. At the current sales pace, all the active inventory on the market would sell in 7.7 months, up from 7.3 in April and down from 12.6 months in May 2025. 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 May was $565,000, an increase of 0.0% from one year ago and an increase of 11.9% from April. 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 May averaged 121 days on the market (DOM), 3 days faster than one year ago.
Forecast: May sales were 17 units, or 13.1%, above the Alabama Center for Real Estate’s (ACRE) monthly forecast. ACRE projected 130 sales for the month, while actual sales were 147 units. ACRE forecasted a total of 587 condo sales year-to-date while there were 509 actual sales through May, a difference of 15.3%.
The Baldwin County Condominium Monthly Report is developed in conjunction with the Baldwin Realtors to better serve Gulf Coast consumers.
