Baldwin County home sales up 2.9% year-over-year in December
By Alabama Center for Real Estate
According to the Baldwin Realtors, December residential sales increased 2.9% year-over-year from 544 to 560 closed transactions. Following seasonal trends, sales increased 5.3% from November. Sales are up 15.2% year-to-date. Two more resources to view: Quarterly Report and Annual Report.
For all of Baldwin County’s housing data, click here.
Inventory: December listings (3,087) decreased 7.4% from November and increased 0.6% from one year ago. At the current sales pace, all the active inventory on the market would sell in 5.5 months, down from 6.3 months in November and down from 5.6 months in December 2024. The equilibrium point where buyers and sellers have roughly equal bargaining power is 6 months of supply.
Pricing: The Baldwin County median sales price in December was $348,558, a decrease of 3.8% from one year ago and a decrease of 1.2% from November. 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.
Homes sold in December averaged 97 days on the market (DOM), 14 days slower than December 2024.
Forecast: December sales were 15 units, or 2.7%, above the Alabama Center for Real Estate’s (ACRE) monthly forecast. ACRE projected 545 sales for the month, while actual sales were 560 units.
New Construction: The 142 new homes sold represent 25.4% of all residential sales in December. Total sales increased 3.6% year-over-year. The median sales price for new home sales was $348,558, an increase of 3.5% from one year ago and an decrease of 0.5% from November.
Click here to view the entire monthly report.
The Baldwin County Residential Monthly Report is developed in conjunction with the Baldwin Realtors to better serve Gulf Coast consumers.