Mobile Single-Family Real Estate
Center for Real Estate Studies
Mobile Area Multi-List
Go to: http://cres.southalabama.edu for more data
Month of September, 2012
Mobile County Residential Market
Prices: For the month of September, 2012, the average sales price increased from $115,430 in August to $132,045, a
14.39 percent change. The median sales price increased from $102,450 to $116,900 in the same period, showing an
increase by 14.10 percent.
Sales: The number of sales in September decreased by 2.67 percent from August, having 292 sales. Compared to
September, 2011, total sales decreased by 2.99 percent, or from 301 sales to 292 sales in September, 2012.
Volume: Of the 292 total sales, 243 sales were under $200,000, representing 83.22 percent of the entire market. Of the
243 sales that were under $200,000, 53.09 percent of those sales occurred in the $0-$99,000 range. Sales in the $300,000$499,999 range increased by 66.67 percent, or from 6 sales to 10 sales in September, 2012. There were 4 sales that sold
over $500,000 in September.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties in September
increased by 0.10 percent, or from 10.21 in August to 10.22. Compared to September, 2011, the month’s inventory
decreased by 13.32 percent, or from 11.79 to 10.22 in September, 2012.
U.S.: The U.S. market in July showed a 7.1 percent decrease in sales from the previous month. The average sales price
decreased from $238,200 to $236,200, a 0.8 percent change. The median sales price also decreased by 0.5 percent, or
from $188,800 to $187,800. The inventory month’s supply decreased by 1.5 percent from June to July. Compared to July,
2011, inventory month’s supply decreased by 31.2 percent.
Overall Analysis: For the month of September, the Mobile housing market showed an increase in sales price and
inventory month’s supply. The number of sales decreased by 2.67 percent, yet there were more residential properties that
sold over $200,000 compared to August, which resulted in an increase in sales price indicators.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months Supply
Jul-11
385,000
$220,400
$171,200
9.3
Jun-12
463,000
$238,200
$188,800
6.5
Jul-12
430,000
$236,200
$187,800
6.4
Vs. Last
Month (%)
-7.1
-0.8
-0.5
-1.5
Vs. Last
Year (%)
11.7
7.2
9.7
-31.2
Median Sales Price
$195,000
$190,000
$185,000
$180,000
$175,000
$170,000
$165,000
$160,000
Jul-11
Jun-12
Jul-12
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.com.
For additional information: Dr. Don Epley, Director, Center for Real Estate Studies, Mitchell College of Business, University of
South Alabama, Office: 251.460.6735, E-mail: depley@usouthal.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.
September 2012 Mobile County Single-Family Residential Report
Average Sales Price
$160,000
Median Sales Price
$140,000
$140,000
$120,000
$120,000
$100,000
$100,000
$80,000
$80,000
$60,000
$60,000
$40,000
$40,000
$20,000
$20,000
$0
Sep-09
Sep-10
Sep-11
Aug-12
Sep-09
vs. Last
Month (%)
Sep-10
Month
Avg. Sales
$
Sep-09
$138,608
Sep-10
$124,691
-10.04
Sep-11
$113,809
-8.73
Sep-11
Aug-12
$115,430
Aug-12
$102,450
Sep-12
$132,045
Sep-12
$116,900
Annual 10
Annual 11
$136,609
Annual 10
Annual 11
$120,000
$104,450
$121,901
vs. Last Year
(%)
$0
Sep-12
14.39
-10.77
Number of Sales
350
Sep-11
Aug-12
vs. Last
Year (%)
Month
Med. Sales $
Sep-09
$125,000
Sep-10
$113,750
-9.00
$95,000
-16.48
Sep-12
vs. Last
Month (%)
14.10
-12.96
Month's Inventory
20.00
300
15.00
250
200
10.00
150
100
5.00
50
0
0.00
Sep-09
Sep-10
Month
# Sales
Sep-09
330
Sep-10
266
Sep-11
301
Aug-12
300
Sep-12
292
Annual 10
3323
Annual 11
3397
Sep-11
Aug-12
vs. Last Year
(%)
Sep-12
Sep-09
vs. Last
Month (%)
Sep-10
Sep-11
Aug-12
Month
Month's
Inventory
Sep-09
11.16
-19.39
Sep-10
15.22
36.38
13.16
Sep-11
11.79
-22.54
Aug-12
10.21
Sep-12
10.22
Annual 10
14.28
Annual 11
12.36
-2.67
2.23
vs. Last
Year (%)
Sep-12
vs. Last
Month (%)
0.10
-13.45
0-$99,999
$100,000$149,999
$150,000$199,999
$200,000$299,999
$300,000$499,999
Sep-09
109
105
Sep-10
118
64
55
47
10
4
44
29
9
2
Sep-11
157
64
45
23
7
5
Aug-12
143
73
42
36
6
0
Sep-12
129
63
51
35
10
4
Ann. 10
1284
913
536
419
129
42
Ann. 11
1652
790
448
344
124
39
Number
Month
Over $500K
Price Range of Sales
180
160
140
120
100
80
60
40
20
0
Sep-09
Sep-10
Sep-11
Aug-12
Sep-12