October 2008 MLS data for Daphne AL shows 445 homes on the market with an average sales price of $310,231 which is unchanged from Sepember. The median price of $230,000 is down about 4% over the same time period. The median is the point where there are the same number of prices lower than higher. These homes have been on the market an average of 137 days.

In October, 21 homes sold in Daphne with an average sales price of $224,521, down 6% from last month. The median sales price of $215,000 represents a 13% increase. These homes spent 179 days on the market, which is a slowdown over September’s 123 days average.

The number of homes that are currently under contract in Daphne is 40. The average sales price of $2247,004 represents an 8% recovery, after a 10% drop from August. The median price point, however, is down 10% at $201,750. Homes under contract were on the market for an average of 121 days, a little shorter than in Sept.

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