Baldwin Residential Real Estate
Center for Real Estate Studies
Baldwin Multi List
Go to http://cres.southalabama.edu for more data
Report for the period ending May, 2010
Baldwin County Residential Market (Total, North, Central, South)
This snapshot view of the residential housing market is designed to provide a useful source of data and
information. We hope you find it useful. Comments are always welcome.
The average sales price in Baldwin County for May decreased 2.14 percent to $208,639, and the median sales
price declined 8.43 percent to $150,950. Average sale prices in the North showed a slight decrease of 2.03
percent to $213,326, declined 5.98 percent to $268,086 in the South region, and increased 1.99 percent to
$166,235 in the Central area.
Concurrently, sales fell to 18 in the North, decreased to 117 in the South, and dropped to 173 in the Central
area. For the whole county, sales decreased by 52 to 306.
Average days on the market for the whole county decreased from 176 in April to 171 in May. The South
increased to 181, Central region decreased to 167, and the North decreased from 177 in April to 146.
The number of homes sold in the U.S. increased by 43.0 percent in March. Also, the median sales price
increased 3.0 percent to $169,600. The number of months required to sell the existing inventory decreased to
8.1. The National Association of Realtors recommends a 6 to 8 month range for a healthy market.
The second page shows MLS data for the three Baldwin County areas. North is north of I-10. Central is
between I-10 and the International Waterway. South is south of the Waterway. Data for the Total County are
explained above.
United States Existing Home Prices for All Housing Types
Time
Sales
Ave.
Sales
Price
Med. Sales
Price
Inventory
Mo. Supply
Mar-09
357,000
$211,400
$170,000
9.5
Feb-10
300,000
$214,500
$164,600
8.5
Mar-10
Vs. Last
Month
(%)
Vs. Last
Year (%)
429,000
$218,300
$169,600
8.1
43.0
1.8
3.0
-4.7
Med. Sales Price
$172,000
$170,000
$168,000
$166,000
$164,000
$162,000
$160,000
Mar-09
20.2
3.3
-0.2
Feb-10
Mar-10
-14.7
Data Sources: All data taken from the Baldwin Multi-List, Martha Taylor, Office: 251. 928.1708, and the National Association of
Realtors, www.realtor.com. For additional information, contact Dr. Don Epley, Director, Center for Real Estate Studies, Mitchell
College of Business, University of South Alabama, Office: 251.460.6735, E-mail: depley@usouthal.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.
May 2010 Baldwin County Residential Report
North No. of Sales
North Avg Sales Price
$230,000
40
$220,000
30
$210,000
20
$200,000
10
$190,000
0
May-07
May-08
Month
May-09
Ave. Sales $
May-07
$228,129
May-08
$226,833
May-09
$206,626
Apr-10
May-10
May-07
May-08
May-09
% Change
Month
# Sales
May-07
-0.57
-8.91
May-08
28
25
23
29
18
235
226
May-09
Apr-10
$217,736
May-10
$213,326
-2.03
May-10
Apr-10
Annual 08
Annual 09
$204,185
$176,458
-13.58
Annual 08
Annual 09
Apr-10
May-10
% Change
-10.71
-8.00
-37.93
-3.83
Central No. of Sales
Central Avg. Sales Price
250
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
200
150
100
50
0
May-07
Month
Ave. Sales $
May-07
$242,896
$244,591
$192,995
$162,999
$166,235
$223,901
$183,317
May-08
May-09
Apr-10
May-10
Annual 08
Annual 09
% Change
May-08
May-09
Month
# Sales
May-07
199
156
144
196
173
1561
1597
0.70
-21.09
May-08
1.99
May-10
-18.13
Annual 08
Annual 09
May-09
Apr-10
Apr-10
May-10
% Change
-21.61
-7.69
-11.73
2.31
South No. of Sales
South Avg Sales Price
150
$500,000
$400,000
100
$300,000
$200,000
50
$100,000
0
$0
May-07
May-08
Month
May-07
May-08
May-09
Apr-10
May-10
Annual 08
Annual 09
May-09
Apr-10
May-10
Ave. Sales $ % Change
$457,617
$333,987
$317,319
$285,129
$268,086
$404,927
$311,532
May-07
May-08
May-09
Month
# Sales
May-07
89
107
129
134
117
943
1241
-27.02
-4.99
May-08
-5.98
May-10
-23.06
Annual 08
Annual 09
May-09
Apr-10
Apr-10
May-10
% Change
20.22
20.56
-12.69
31.60