Baldwin Residential Real Estate
Center for Real Estate & Economic Development
Baldwin County Association of REALTORS® MLS
Go to: http://creed.southalabama.edu for more data
Report for the month of November, 2015
Baldwin County Residential Market
(Total, North, Eastern Shore, Central, South, Gulf Beach)
Prices: The average sales price in Baldwin County increased 0.72%, or from $259,845 in October to $261,712 in
November. Compared to last year, average sales price increased by 6.67%. Median sales price increased 2.20%
from last month, and increased 8.39% from last year. Since last year, the largest increase in average sales price
was 20.50% in North Baldwin. During the same time period, the largest increase in median sales price was also in
North Baldwin with 42.68%.
Sales: Total sales in Baldwin County decreased from 411 to 366 sales, or 10.95% since last month. The largest
increase since the previous month was 80.0% in North Baldwin, or from 5 to 9 sales. Compared to last year, the
largest decrease in sales was in South Baldwin with a 30.69% change in number of sales.
Days on Market: Average days on the market between October and November increased from 148 in October to
158 days in September. Since last year, average days decreased by 5.95%. Compared to October, average days on
the market increased in Central Baldwin and South Baldwin by 34.29% and 21.05%, respectively.
U.S.: U.S. sales decreased 6.5% from August, 2015 to September, 2015. Compared to last year, total sales
increased from 436,000 to 471,000. Average sales price decreased by 2.3% since August, and increased by 4.0%
from the previous year. Median sales price decreased 3.0% from August, and increased by 6.0% relative to last
year. The inventory month’s supply decreased by 7.8% from the previous month.
Overall Analysis: For the month of November, the Baldwin residential market showed increases in average sales
price, median sales price, and average days on market, while showing a decrease in number of sales. Per the latest
national housing statistics, the U.S. market in September showed decreases in sales, average sales price, median
sales price, and inventory month’s supply since the previous month.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median
Sales Price
Inventory
Months
Supply
Sep-14
436,000
$255,000
$209,100
5.4
Aug-15
504,000
$271,300
$228,500
5.1
$220,000
Sep-15
471,000
$265,100
$221,700
4.7
$210,000
Vs. Last
Month (%)
-6.5
-2.3
-3.0
-7.8
$200,000
Vs. Last
Year (%)
8.0
4.0
6.0
-13.0
$190,000
Sep-14
Median Sales Price
$230,000
Aug-15
Sep-15
Data Sources: All data taken from the Baldwin County Association of REALTORS® Multiple Listing Service, Sheila Dodson, Office:
251.947.3777, and National Association of Realtors: www.realtor.com.
Report by: Paul Leon, Senior Research Associate
For additional information: Contact Dr. J. Reid Cummings, Director, Center for Real Estate and Economic Development, Mitchell
College of Business, University of South Alabama, Office: 251.460.6710 or Email: cummings@southalabama.edu.
University of South Alabama takes reasonable measures to ensure the quality of the data and other information produced. However, USA makes no warranty, express or
implied, nor assumes any legal liability or responsibility for the accuracy, correctness, or completeness of any information, nor represents that its use would not infringe
on privately owned rights. Reference to any specific commercial product, process, or service does not constitute an endorsement, recommendation, or favoring by USA.
Baldwin County Residential
For the Month of November 2015
Baldwin County
Areas
Total County
Oct-15
% vs prv mo
% vs prv year
North Baldwin
Oct-15
% vs prev mo
% vs prev year
Eastern Shore
Oct-15
% vs prev mo
% vs prev year
Central
Oct-15
% vs prev mo
% vs prev year
South
Oct-15
% vs prev mo
% vs prev year
Gulf Beach
Oct-15
% vs prev mo
% vs prev year
Average
Sale Price
Median
Sale Price
Number of
Sales
Average Days
on Market
$261,712
$259,845
0.72
6.67
$209,500
$205,000
2.20
8.39
366
411
-10.95
-18.49
158
148
6.76
-5.95
$119,748
$181,000
-33.84
20.50
$125,000
$145,000
-13.79
42.68
9
5
80.00
-25.00
131
177
-25.99
-10.88
$286,012
$259,090
10.39
16.01
$230,425
$220,000
4.74
7.42
122
164
-25.61
-24.69
152
155
-1.94
-5.00
$156,921
$160,000
27
141
$140,280
11.86
12.85
$146,000
9.59
27.24
29
-6.90
-20.59
105
34.29
8.46
$171,290
$158,250
70
161
$201,405
-14.95
-1.80
$168,565
-6.12
3.43
98
-28.57
-30.69
133
21.05
-9.04
$315,857
$267,850
138
166
$344,302
-8.26
-5.27
$310,300
-13.68
-1.69
115
20.00
-1.43
161
3.11
-8.79
Areas Defined as:
North
Eastern Shore
Central
South
Gulf Beach
Bay Minette, Stapleton, North Baldwin County
Spanish Fort, Daphne, Fairhope
Seminole, Loxley, Silverhill, Robertsdale, Summerdale
Bon Secour, Gulf Shores N-ICW, Magnolia Springs, Foley, Lillian, Elberta
Orange Beach, Gulf Shores S - ICW, Fort Morgan