Found 1 blog entry tagged as inventory ratio.

I love data. We often use market data to understand what to predict a home will sell for and how fast it will sell. Thanks to our friends at The University of South Alabama we have access to great market data for Baldwin County Real Estate. So let's see what the month of March was like and how it may help us determine what to expect in our local market.

Total Sales: There were 344 units sold in March (units = houses and condos). Last March there were 385 units sold.This is a normal range for the month of March. Our of these 344 units 42 were newly constructed and 108 were condos. Our biggest March in 2004 there were 629 units sold.

Average Sales price: The average selling price in Baldwin County for March 2014 was $268,295. This represents a 15.3%…

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