There are various reports that we can generate from the Baldwin County MLS system. These reports provide data to the consumer that demonstrates trends in the market. One such report is the National Association of Realtors report. We can run this report for the whole county or for specific areas. We can also run the report based on a date range. Here is an example of the report for Foley for the January 1, 2007 - August 30, 2007 period:
The report can be overwheming because there is a number of data elements. There are a few highlights that I would like to point out:
- There were 776 new listings in the MLS during this period of time. Of those 776, 144 have sold for a sold percentage of about 18% which is not a good number.
- The average days on market for homes that sold was 191 days, which is a little over 6 months.
- Median sales price was $160,000. This means that when you take all of the homes sold during this period and stacked up all of the sold prices, the middle number is $160,000. This is basically where most of buyers in the market are purchasing.
- The condo market was roughly 16% of our sales, which is about normal for non-resort areas.
Please let us know if you would like a report like this for your area.
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