
Vital Signs provides a visual representation of what's happening in the Alabama Gulf Coast real estate market. The color-coded numbers represent the absorption rate; the number of months it would take to sell every home on the market in a particular price range if no others were added. If the market is moving quickly, the absorption rate will fall below six months of supply, and if it's more of a buyer's market, it will jump above six months of supply. The rate is determined by dividing the number of units currently on the market by the number sold in the past month.
Buying a home on the Gulf Coast comes with a unique set of considerations. Understanding flood zones and insurance requirements is one of the most important steps you can take before making an offer. Our expert real estate advisors are here to help you navigate the process with confidence across Mobile and Baldwin County.