Mobile Single-Family Real Estate
Center for Real Estate and Economic Development
Mobile Area Multi-List
Go to: http://cres.southalabama.edu for more data
Month of July, 2013
Mobile County Residential Market
Prices: For the month of July, 2013, the average sales price increased from $127,576 in June to $136,313, a 6.85 percent
change. The median sales price increased from $114,500 to $114,950 in the same period, showing an increase by 0.39
percent.
Sales: The number of sales in July increased by 8.52 percent from June, having a total of 382 sales. Compared to July,
2012, total sales increased by 27.33 percent, or from 300 sales to 382 sales in July, 2013.
Volume: Of the 382 total sales, 319 sales were under $200,000, representing 83.51 percent of the entire market. Of the
319 sales that were under $200,000, 28.21 percent of those sales occurred in the $100,000-$149,999 range. Compared to
July, 2012, sales in the $150,000-$199,999 range increased by 40.00 percent, or from 40 to 56 sales. In the same time
period, sales in the $300,000-$499,999 range increased by 53.85 percent, or from 13 sales to 20 sales in July, 2013.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties in July decreased
by 9.73 percent, or from 8.74 in June to 7.89. Compared to July, 2012, the month’s inventory decreased by 25.07 percent,
or from 10.53 to 7.89 in July, 2013.
U.S.: The U.S. market in May showed a 13.2 percent increase in sales from April. Average sales price increased from
$241,700 to $251,100, a 3.9 percent change. Median sales price increased by 5.9 percent, or from $191,800 to $203,100.
The inventory month’s supply decreased by 3.8 percent. Compared to May, 2012, inventory month’s supply decreased by
23.1 percent, or from 6.5 to 5.0.
Overall Analysis: For July, the Mobile housing market showed increases in sales and sales price since May. Compared
to the last three years, July, 2013, had the highest number of sales. Both the U.S. and Mobile markets increased in sales
with months-to-sell inventory decreasing.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months Supply
Median Sales Price
$210,000
May-12
448,000
$229,600
$180,300
6.5
$200,000
Apr-13
454,000
$241,700
$191,800
5.2
$190,000
May-13
514,000
$251,100
$203,100
5.0
$180,000
Vs. Last
Month (%)
13.2
3.9
5.9
-3.8
$170,000
-23.1
$160,000
May-12
Vs. Last
Year (%)
14.7
9.4
12.6
Apr-13
May-13
Data Sources: All data taken from the Mobile Area Association of Realtors, Jeff Newman, 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.
July 2013 Mobile County Single-Family Residential Report
Average Sales Price
$140,000
$135,000
$116,000
$130,000
$114,000
$125,000
$112,000
$120,000
$110,000
$115,000
$108,000
$110,000
Jul-10
Jul-11
Jul-12
Month
Avg. Sales
$
Jul-10
$138,172
Jul-11
$122,286
-11.50
Jul-12
$137,239
12.23
Jun-13
$127,576
Jul-13
$136,313
Annual 11
Annual 12
$121,901
$126,182
Jun-13
vs. Last Year
(%)
$106,000
Jul-13
Jul-10
vs. Last
Month (%)
6.85
3.51
Number of Sales
500
Median Sales Price
$118,000
Jul-12
Jun-13
vs. Last
Year (%)
Month
Med. Sales $
Jul-10
$117,000
Jul-11
$110,000
-5.98
Jul-12
$116,000
5.45
Jun-13
$114,500
Jul-13
$114,950
Annual 11
Annual 12
$104,450
$105,000
Jul-13
vs. Last
Month (%)
0.39
0.53
Month's Inventory
20.00
400
Jul-11
15.00
300
10.00
200
5.00
100
0
0.00
Jul-10
Jul-11
Jul-12
Jun-13
Month
# Sales
vs. Last Year
(%)
Jul-10
279
Jul-11
301
Jul-12
300
Jun-13
352
Jul-13
382
Annual 11
3397
Annual 12
3476
Jul-13
Jul-10
vs. Last
Month (%)
Jul-11
Jul-12
Jun-13
Month
Month's
Inventory
Jul-10
14.97
7.89
Jul-11
12.07
-19.37
-0.33
Jul-12
10.53
-12.76
Jun-13
8.74
Jul-13
7.89
Annual 11
12.38
Annual 12
10.75
8.52
2.33
vs. Last
Year (%)
Jul-13
vs. Last
Month (%)
-9.73
-13.17
0-$99,999
$100,000$149,999
$150,000$199,999
$200,000$299,999
$300,000$499,999
Jul-10
113
67
47
34
14
4
Jul-11
139
71
41
39
9
2
Jul-12
132
74
40
36
13
5
Jun-13
155
93
43
41
19
1
Jul-13
173
90
56
38
20
5
Ann. 11
1652
790
448
344
124
39
Ann. 12
1664
794
496
364
106
52
Number
Month
Over $500K
Price Range of Sales
200
180
160
140
120
100
80
60
40
20
0
Jul-10
Jul-11
Jul-12
Jun-13
Jul-13