Seventeen homes sold in Fairhope for the month of September with an average sales price of $292,071. and a median sales price of $280.000. with an average of 90 days on the market.

At the end of September there were 424 active listings in Fairhope with an average list price of $463,442. and a median list price of $357,450. This represents an absorbtion rate of 6.84 including the homes that are under contract as well as the closed sales, meaning there is nearly 7 months of inventory of homes on the market at the end of September.

Forty five homes went into pending in Fairhope with an average list price of $441,571. and a median list price of $282,900.

Now is an excellent time to purchase a home, the choices have never been better!