July 2008 statistics specifically for Fairhope show 482 homes on the market for sale with an average sales price of $447,836 and a median price of $349,900, both relatively unchanged from the prior month. The median is the point where there are the same number of prices lower than higher. These homes are still moving fairly slowly and were on the market an average of 182 days, due to the large inventory. Fairhope is still experiencing a Buyer’s market. 

In July, 24 homes have sold in Fairhope with an average sales price of $330,833, holding steady compared to June. The median sales price of $297,500 is up by an impressive 19% from June. Days on the market averaged 161 days for sold homes, down a whole month from the 192 days in June.

The number of homes that are presently under contract in Fairhope is 27, with an average sales price holding steady at $355,802. The median price point has risen 7% to $335,900. These homes averaged 165 days on the market, no real change compared to June.

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