As the weather has warmed up in Fairhope Alabama, so has the home sales. According to the Gulf Coast MLS, 24 homes closed in Fairhope, Alabama during the month of April with an average sales price of $336,992 and a median sales price of $288,250. The number of homes under contract in Fairhope jumped to 52, for an average sales price of $450,031 and a median price of $397,000. The median price means that this is the point where there are just as many homes under this point as below. At the end of April there are 471 homes on the market for sale in Fairhope, Alabama with an average sales price of $449,662 and a median price range of $329,900. The absorption rate calculated using the closed properties as well as the pending properties is 6.2 meaning there is a little over six months inventory presently on the market. Buyers for new homes in Fairhope should take advantage of this buyers market, with the early signals the market is sending the buyers market may soon be in the past.

During the same period 14 homes in Fairhope expired without selling and 22 homes in Fairhope were withdrawn from the market.