Posts from September 19th, 2021
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19
Gulf Coast's historic real estate market benefits both sellers and buyers
Alabama's Gulf Coast contains several real estate markets depending on location and price point – just to name a few factors. What may be true of the market in Daphne at one price point is often not for Fairhope at another. Same goes from one Mobile neighborhood to another. What makes our current real estate housing market rare is that almost all markets in our area have something in common: an increase in demand and limited supply.
The combination of delayed sales due to COVID-19 last year and historically low interest rates culminated into a historically strong seller's market for our area in 2020 that has continued well into this year. As more people want to purchase homes than there are homes available for sale in many price points and areas along the Gulf Coast, we've seen a corresponding rise in home prices.
In Baldwin County, the average sales...
