With 10.7 months of inventory, Orange Beach is currently in a buyer's market. The median home price in Orange Beach currently stands at $665,000. At the current sales pace, it would take over 10.7 months to sell all available homes in Orange Beach, indicating an oversupplied market. Homes are taking about 138 days to sell, which is 28 days longer than this time last year. Only 2.4% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Orange Beach market with the affordability index at 593.1. Based on current market indicators, home prices in Orange Beach are projected to decrease by approximately 19.9% over the next month.
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