Mobile Single-Family Real Estate
Center for Real Estate and Economic Development
Mobile Area Multi-List
Go to: http://creed.southalabama.edu for more data
Month of May, 2014
Mobile County Residential Market
Prices: For the month of May, 2014, the average sales price increased from $133,783 in April to $134,270, a 0.36 percent
change. The median sales price increased from $115,000 to $117,000 in the same period, or by 1.74 percent.
Sales: The number of sales in May increased by 15.84 percent from April, having a total of 395 sales. Compared to last
year, total sales decreased by 2.23 percent, or from 404 to 395 sales.
Volume: Of the 395 total sales, 316 sales were under $200,000, representing 80.0 percent of the entire market. In May,
2013, sales under $200,000 represented 81.19 percent of total sales. Compared to May, 2013, sales in the $150,000$199,999 range increased by 9.26 percent, or from 54 sales to 59 sales. In the same time period, sales in the $300,000$499,999 range increased by 17.65 percent, or from 17 sales to 20 sales in May, 2014.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties in May decreased
by 13.70 percent, or from 8.25 in April to 7.12 in May. Compared to last year, the month’s inventory decreased by 8.01
percent, or from 7.74 to 7.12 in May, 2014.
U.S.: The U.S. market in March showed a 25.9 percent increase in sales from February. Average sales price increased
by 3.5 percent since January, and increased by 5.0 percent from the previous year. Median sales price increased by
4.5 percent, or from $188,300 to $196,700. Compared to March, 2013, median sales price increased by 6.9 percent, or
from $184,000 to $196,700. Inventory month’s supply increased from 5.0 to 5.1, a 2.0 percent change.
Overall Analysis: For May, the Mobile housing market showed increases in average sales price, median sales price and
number of sales while month’s inventory decreased since April. Per the latest national housing statistics, the U.S. market
in March showed an increase in sales, average and median sales prices, and inventory month’s supply..
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months Supply
Median Sales Price
$200,000
Mar-13
387,000
$233,100
$184,000
4.7
Feb-14
282,000
$236,600
$188,300
5.0
Mar-14
355,000
$244,800
$196,700
5.1
Vs. Last
Month (%)
25.9
3.5
4.5
2.0
$180,000
Vs. Last
Year (%)
-8.3
5.0
6.9
8.5
$175,000
Mar-13
$195,000
$190,000
$185,000
Feb-14
Mar-14
Data Sources: All data taken from the Mobile Area Association of Realtors, Office: 251.479.8654; and the National Association of
Realtors, www.realtor.org.
Report by: Michelle Pinochet, Senior Research Analyst
For additional information: Dr. Don Epley, Director, Center for Real Estate and Economic Development, Mitchell College of
Business, University of South Alabama, Office: 251.460.6735, E-mail: depley@southalabama.edu.
University of South Alabama takes reasonable measures to ensure the quality of the data and other information produced. However, USA makes no warranty, express or
implied, nor assumes any legal liability or responsibility for the accuracy, correctness, or completeness of any information, nor represents that its use would not infringe on
privately owned rights. Reference to any specific commercial product, process, or service does not constitute an endorsement, recommendation, or favoring by USA.
May 2014 Mobile County Single-Family Residential Report
Average Sales Price
$135,000
$134,000
$133,000
$132,000
$131,000
$130,000
May-11
May-12
May-13
Month
Avg. Sales
$
May-11
$132,959
May-12
$131,601
-1.02
May-13
$134,265
2.02
Apr-14
$133,783
May-14
$134,270
Annual 12
Annual 13
$126,183
$129,131
Apr-14
vs. Last Year
(%)
May-14
May-11
vs. Last
Month (%)
0.36
2.34
Number of Sales
500
Median Sales Price
$122,000
$120,000
$118,000
$116,000
$114,000
$112,000
$110,000
$108,000
$106,000
$104,000
May-12
May-13
Apr-14
vs. Last
Year (%)
Month
Med. Sales $
May-11
$110,000
May-12
$115,000
4.55
May-13
$119,450
3.87
Apr-14
$115,000
May-14
$117,000
Annual 12
Annual 13
$105,000
$109,900
May-14
vs. Last
Month (%)
1.74
4.67
Month's Inventory
14.00
12.00
400
10.00
300
8.00
200
6.00
4.00
100
2.00
0
0.00
May-11
May-12
Month
# Sales
May-11
306
May-12
346
May-13
404
Apr-14
341
May-14
395
Annual 12
3476
Annual 13
3914
May-13
Apr-14
vs. Last Year
(%)
May-14
May-11
vs. Last
Month (%)
May-12
May-13
Apr-14
Month
Month's
Inventory
May-11
11.75
13.07
May-12
9.19
-21.79
16.76
May-13
7.74
-15.78
Apr-14
8.25
May-14
7.12
Annual 12
10.81
Annual 13
9.46
15.84
12.60
vs. Last
Year (%)
May-14
vs. Last
Month (%)
-13.70
-12.49
0-$99,999
$100,000$149,999
$150,000$199,999
$200,000$299,999
$300,000$499,999
May-11
138
70
40
37
16
5
May-12
158
82
54
34
10
8
May-13
172
102
54
56
17
3
Apr-14
143
77
58
46
11
6
May-14
164
93
59
57
20
2
Ann. 12
1664
794
496
364
106
52
Ann. 13
1809
887
515
486
180
37
Number
Month
Over $500K
Price Range of Sales
200
180
160
140
120
100
80
60
40
20
0
May-11
May-12
May-13
Apr-14
May-14