August 2008 statistics specifically for Fairhope show 470 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. These homes are still moving fairly slowly and were on the market an average of 193 days. In August, 15 homes have sold in Fairhope with an average sales price of $375,201, rising 13% compared to July. The median sales price of $395,000 is up significantly from July. Days on the market averaged 145 days for sold homes. The number of homes that are presently under contract in Fairhope is 34, with an average sales price down 6% at $335,259. The median price point has dropped to $269,200. These homes averaged 154 days on the market, 11 days quicker compared to July.







