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Posts from May 23rd, 2022

Live Local Gulf Coast

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May
23

Have you read an article about real estate lately? Hopefully, the answer is yes because you've been reading this blog. Even if that isn't the case, you probably have seen real estate making headlines. Why? The market is hot.

A culmination of record-low interest rates and delayed sales due to COVID-19 created a strong demand for homes. As the laws of supply and demand dictate, an increase in demand for homes to purchase without an immediate increase in supply caused home prices to increase.

In Baldwin County, the average sales price has risen by more than $110,000 from January 2019 to December 2021. Same is true in Mobile County. The average sales price has also risen by more than $68,000 from...

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