The average price of a condo in Baldwin County in May is down 18.3% from April, and 14.6% from last May.
That's the average price. If you look at the median price, we are down 8% from April, and 8.2% from last May.
The total number of sales are also down 25.6% from last year.
The number of days it takes a condo to sell once it hits the market was 19 days last May compared to 62 days this May.
And, the number of condos for sale increased by 46.7%.
Condo prices are still up 20% from the 5 year average and inventory is still much lower then pre-pandemic.
I will continue to keep you informed and on top of the market.
Let me know if you have any questions.
