Baldwin County August 2011 Market Report

The Baldwin County data for August 2011 is in and there were a total of 26 sales* reported. The good news is inventory is down to less than 25 months worth.

And in 3 were waterfront

23 were not on water.

2 were vacant lots off water

August of 2010 saw only 18 properties close.

The average sales price in Putnam County in August 2010 was $166,339

The average sales price in Putnam County in August 2011 was 85,800

Reflected in the average is that two lots sold for $9,500 each.

Average days on the market for August 2010 was 153 and average days on the market for August 2011 were 135 So the good news here is days on the market are down in the new lower price of things.

So for those people who don't want to price in the current market value range, please don't list your house. Perhaps if we can draw down the inventory prices can begin to shift the opposite direction. Supply and demand.