Average home sale prices declined slightly in Baldwin County in the month of July, after more than two years of skyrocketing home values.

“We’re heading into a buyer’s market,” Rachel Romash-Reese, president of Baldwin Realtors, the real estate association in the area, said. “If [buyers] want to negotiate and make a deal, now’s the time to shine.”

In the month of July, the average price for a traditional residential property in Baldwin County was $391,093, a 1.7% decrease from July 2022, according to a report from Baldwin Realtors. The average price for a resort property was $699,289, a 4.2% drop from the year before.

The numbers reflect the real estate market slowing down, as it has for the past year. The average number of days on the market for a residential property was 52, compared with 22 in July 2022. A resort property spent an average of 127 days on the market in July, a 370.3% increase from the previous year.

At the same time, the total number of traditional residential sales decreased by 18.5% from the previous year, though the total number of resort property sales increased by 17.4% year over year.