An update on current market conditions for Fairhope, AL

At the end of April there were 503 homes on the market in Fairhope with an average list price of $445,332 and a median price of $349,900. The median is the point where there are the same number of prices lower than higher. Average price is up slightly over the first quarter of 2008.  In April, 15 homes sold in Fairhope with an average sales price of $419,160 and a median sales price of $264,000. This is a 23% increase in average sales price and a relatively unchanged median price over first quarter 2008. The number of homes that are presently under contract in Fairhope is 27, with an average sales price of $394,504 and a median price point of $298,900. These homes averaged 184 days on the market. Homes are taking slightly longer to sell, but prices are holding strong. If you are looking for a home in Fairhope, this is a great time to make your purchase decision!

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