Robertsdale, Ala. – (OBA) – Real estate market in Baldwin County continues to stabilize according to statistics from Baldwin REALTORS® Multiple Listing Service (MLS).

The group provides monthly reports of year-over-year local real estate trends, but it is important to note the anomaly years of 2021 and 2022, when markets across the country were in a heated rebound following the pandemic. The rush to buy and sell property in those years was historic and will likely not be seen again anytime soon.

The current real estate market, as seen this past month, positions both buyers and sellers on a more even playing field. Housing supply continues to be low on a national scale, so the demand continues to drive up sales prices. However, buyers have the opportunity now to consider the investment as properties are not selling as quickly.

For March 2023, the Resort area of Baldwin County (all of Orange Beach, Fort Morgan, and anything in Gulf Shores south of Canal Rd/180) reported increases in average sales price and average days on market. Average sales price saw a 10.1 percent increase from March 2022, resulting in an average of $729,064. Listings spent more time on the on market at an average of 82 days, compared to just 38 days the year prior. A decrease was reported in Total closed sales as 478

properties solid in March 2023, compared to 641 in March 2022.

Baldwin County’s Traditional Residential area (everything else in Baldwin County not included in the resort market areas) also saw the same increases and decrease this past month. Average sales price experienced a 3.5 percent increase from March 2022 at $382,993. properties stayed on market longer with an average of 56 days, which is 23 more days than the average a year ago.

Total closed sales for this area of the county was 189 properties sold down 145 closings from the previous year.

For previous months’ housing reports, click here.

Residential MLS Stats by Area:

Central Baldwin

• Residential properties sold in March 2023: 239

• Average sales price: $293,903

• Average days on market: 78

• Average sales price change from March 2022: Increased 2.0 percent

Coastal Condos

• Residential properties sold in March 2023: 115

• Average sales price: $593,353

• Average days on market: 77

• Average sales price change from March 2022: Increased 5.6 percent

Coastal Homes

• Residential properties sold in March 2023: 114

• Average sales price: $749,677

• Average days on market: 77

• Average sales price change from March 2022: Increased 16.1 percent

Eastern Shore

• Residential properties sold in March 2023: 218

• Average sales price: $452,006

• Average days on market: 44

• Average sales price change from March 2022: Increased 5.6 percent

North Baldwin

• Residential properties sold in March 2023: 19

• Average sales price: $253,692

• Average days on market: 40

• Average sales price change from March 2022: Decreased 1.1 percent