We create a monthly MLS Statistics review of the 3 MLS associations that we belong: Gulf Coast MLS, Baldwin County Association of Realtors, and the Pensacola Association of Realtors. This analysis compares activity from one month to the previous month.
Here is the Report that was generated in Mid August to report July Activity:
MLS July Statistics | |
Baldwin County Single Family Homes Sold: 235 (1% Increase from June) Average Sales Price: $274,993 (2% Increase from June) Median Sales Price: $195,000 (3% Decrease from June) Average Days on Market: 164 Homes on the Market: 3,340 New Listings in July: 368
Baldwin County Condominium Units Sold: 84 (18% Increase from June) Average Sales Price: $373,100 (6% Decrease from June) Median Sales Price: $337,500 (1% Decrease from June) Average Days on Market: 157 Units on the Market: 3,100 New Listings in July: 370
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Mobile County Residential Units Sold: 489 (3% Decrease from June) Average Sales Price: $164,101 (3% Decrease from June) Median Sales Price: $138,330 (4% Decrease from June) Average Days on Market: 49 Homes on the Market: 2,876 New Listings in July: 907
Pensacola Residential Units Sold: 560 (4% Increase from June) Average Sales Price: $222,641 (10% Increase from June) Median Sales Price: $167,900 (2% Increase from June) Average Days on Market: 132 Homes on the Market: 6,827 New Listings in July: 1,289
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We were suprised the statistics in Mobile were down. It has been a fairly active market, but the trends have been showing a slowdown. Mobile is inching toward being a buyer's market which we tend to think as having 6 months supply of inventory (look at homes on market and divide by number of homes sold). In Baldwin County, the number of units sold was up both for single family homes and condominiums.
We will be posting these reports both on our web site and this blog.
Please feel free to contact us if you have any questions Steve@GulfRegionProperties.com.
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