Inventory remains relatively low in relation to the numbers of buyers so real estate conditions in Daphne favor the seller.
Median list price – $399,700
Average price per square foot – $190
Average days on the market – 151
Percentage of homes with a price decrease – 26%
Median House size – 2,188 square feet
Real estate conditions for single family homes in Gulf Shores favor the buyer as the supply of homes for sale outpace the demand.
Median list price – $411,750
Average price per square foot – $188
Average days on the market – 146
Percentage of homes with a price decrease – 9%
Median House size – 2,229 square feet
Although sales have been exceeding new home inventory lately, Orange Beach still remains in a buyer's market. Prices are not likely to increase for single family homes in Orange Beach until the demand is greater than the supply.
Please contact me if you are in the market to purchase or sell a home in Baldwin County. I’d love to work with you.