In the month of July, home prices declined slightly across Baldwin County, after months of slowing property sales.
Aug. 16, 2023, 9:15 a.m.
“We’re heading into a buyer’s market,” Rachel Romash-Reese, president of Baldwin Realtors, the real estate association in the area, said. “If [buyers] want to negotiate and make a deal, now’s the time to shine.” The numbers reflect the real estate market slowing down, as it has for the past year. The average number of days on the market for a residential property was 52, compared with 22 in July 2022. A resort property spent an average of 127 days on the market in July, a 370.3% increase from the previous year.
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