Baldwin County Condo & Home Prices Are
On The Rise According To Redfin Data
Take a look at the graph above of median home prices of condos and homes in Baldwin County.
Prices are up 9% year-over-year.
You might see articles in the news about home prices in the US being down for the first time in 11 years, and that is true.
Median home prices for the overall country are down year-over-year around 1% right now.
But, let me explain two things with you about this:
1) US median home prices might be down year-over-year, but are up over the last 30 days from $345K to $353K. So, we "might" have hit bottom a month ago. Time will tell. However, it's crazy how the media is scaring the general public when in fact the market is very strong. The National Association of REALTORS also came out with their monthly report of existing yesterday which showed the first month-over-month increase in the number of transaction from January to February of 14.5%.
2) Every market is local. The national housing data is something to watch, but has little to do with local data. As you can see, home prices in Baldwin County haven't come close to negative and are definitely on the rise.
We are writing offers and selling properties everyday, seven days a week right now as we are in the Spring market.
If you are thinking about buying or selling, interview me for the job.
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