March home sales in Daphne, Spanish Fort and Fairhope

March homes sales on the Eastern Shore of Mobile Bay rose again to 60 homes sold in Spanish Fort, Daphne, Fairhope and Point Clear in January, compared to 54 in February and 40 in January.

Buyers are looking, but that's not materializing into a strong increase in pending sales. As of April 7, 108 homes are under contract, compared to 92 last month and 102 in January.

As the reality of the housing market correction sinks in, over 590 price adjustments -- a few up but most down -- were made in March. Inventory increased to 1,190 homes for sale, up from 1,129 in February.

Here are the stats for the Eastern Shore in March, 2009:

Total houses for sale: 1,190

Spanish Fort: 134

Daphne: 364

Fairhope: 561

Lake Forest: 131

Pending sales

Total: 108

Spanish Fort: 26

Daphne: 43

Fairhope: 28

Lake Forest: 11

Closed sales for March 2009

Total: 60

Average sales price: $234,084, a healthy increase from $208,019 in February, but much lower than the average in March of last year of $290

Median sales price: $206, 563, another increase from February's $179,950, but again down from March ‘08's $231,750

List to sale percentage: 94.44%

Spanish Fort: 9

Daphne: 18

Fairhope: 24

Lake Forest: 9

(Data from the Baldwin County Multiple Listing Service)