Number of Single Family Homes Sold in Baldwin County
In September 2007, 166 Single Family Homes were sold in Baldwin County. Thie number represents the lowest number of sales in the past 22 months. Here is a chart showing sales in Baldwin County for this time frame:
Median Sales Price
The median sales price for a home in Baldwin County has stayed relatively steady for the past year. In September, the median sales price for a home in Baldwin County was $201,000 which is 11% increase since December of 2005. Here is a chart showing trends in the Median Sales Price:
Available Single Family Homes
The number of single family homes available for sale has risen in Baldwin County in the last 22 months. This number at the end of September of 3392 represents an 83 percent increase in inventory. Here is the chart to show the trends of Homes Available:
Days on Market
The Days on Market has increase 33% in the past 22 months in Baldwin County. The number of 129 days is the highest it has been in 22 months.
Number of Months Supply of Homes
Absortion rate is the envogue term in real estate. It represents the number of months of inventory that a given area has. It is calculated by taking the number of homes available divide it by the number of homes sold. Depending on which resource you use, a buyer's market can be determined if there is 8 months worth of inventory. As you can tell from the following chart, Baldwin County has been a buyer's market for the past 22 months. September's number is rather high and is by far the highest it has been for the past 22 months. Here is the chart to show this trend:
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