Although inventory is lightening some, we haven't seen much increase in pricing. Market trends do show that Daphne is in a seller's market and if the trend continues we are likely to see an upward pressure on home prices.
Median list price – $424,900
Average price per square foot – $186
Average days on the market – 148
Percentage of homes with a price decrease – 26%
Median House size – 2,250 square feet
Home sales and inventory are up in Gulf Shores so until sales start to overtake inventory we will remain in a buyer's market.
Median list price – $399,000
Average price per square foot – $216
Average days on the market – 92
Percentage of homes with a price decrease – 35%
Median House size – 2,149 square feet
Inventory in Orange Beach has been growing and exceeding home sales which puts the city in a buyer's market. If the trend continues, we will see a downward pressure in pricing for single family homes.
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.