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Dawsonville, GA | Jackson | Madison | Ridgeland | Flowood | Brandon, MS

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Gulf Shores Real Estate Market Update

Today I'd like to provide you with a clearer picture of our local market in order to help you whether you're buying or selling.

There are currently 2,081 active listings and 565 current properties pending. There were also 861 properties that came off the market last month, and this means that they either expired or were withdrawn from sale.

In the last six months, 1,895 homes have been sold. However, the current level of inventory should keep the market relatively stable.

Interest rates are still incredibly low, from 3.1% to 4.25%, and this should draw a lot of buyers into the market who have been waiting to purchase an affordable home.

Buyers should know that they will still have to pay close to 97% of the asking price on homes despite the high level of affordability. If you want to buy for 80 cents on the dollar, it's just not likely to happen.

Hopefully this information has been helpful to you. If you would like to learn more about the Alabama Gulf Shore market, please don't hesitate to contact me!

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