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 January, 2015
Mobile County Residential Market
Prices: For the month of January, 2015, the average sales price increased from $127,327 in December to $130,329, a 2.36
percent change. The median sales price increased from $105,000 to $110,000 in the same period, or by 4.76 percent.
Sales: The number of sales in January decreased by 16.67 percent since December, having a total of 265 sales. Compared
to last year, total sales increased by 9.05 percent, or from 243 to 265 sales.
Volume: Of the 265 total sales, 220 sales were under $200,000, representing 83.02 percent of the entire market. In
December, 2014, sales under $200,000 represented 84.91 percent of total sales. Compared to December, 2014, sales in the
$0-$99,999 range decreased by 19.46 percent, or from 149 sales to 120 sales. In the same time period, sales in the
$100,000-$149,999 range decreased by 11.59 percent, or from 69 sales to 61 sales in January, 2015.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties in January
increased by 13.11 percent, or from 8.77 in December to 9.92 in January. Compared to last year, the month’s inventory
decreased by 15.14 percent, or from 11.69 to 9.92 in January, 2015.
U.S.: The U.S. market in November showed a 20.8 percent decrease in sales from October. Average sales price
decreased by 0.2 percent since October, and increased by 4.1 percent from the previous year. Median sales price
decreased by 0.1 percent, or from $207,500 to $207,200. Compared to November, 2013, median sales price increased by
6.0 percent, or from $195,500 to $207,200. Inventory month’s supply did not see a change since October, 2014.
Overall Analysis: For January, the Mobile housing market showed increases in average and median sales price and
month’s inventory supply, while showing decreases in number of sales since December. Per the latest national housing
statistics, the U.S. market in October showed a decrease in sales, average and median sales prices, while inventory
month’s supply did not change since October 2014.
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
Nov-13
362,000
$243,600
$195,500
5.1
Oct-14
443,000
$254,100
$207,500
5.1
Nov-14
351,000
$253,700
$207,200
5.1
Vs. Last
Month (%)
-20.8
-0.2
-0.1
0.0
$190,000
Vs. Last
Year (%)
-3.0
4.1
6.0
0.0
$185,000
Nov-13
$205,000
$200,000
$195,000
Oct-14
Nov-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: Paul Leon, Research Associate
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.
January 2015 Mobile County Single-Family Residential Report
Average Sales Price
$135,000
Median Sales Price
$115,000
$130,000
$110,000
$125,000
$105,000
$100,000
$120,000
$95,000
$115,000
$90,000
$110,000
$85,000
$105,000
Jan-12
Jan-13
Jan-14
Dec-14
Jan-12
vs. Last
Month (%)
Jan-13
Month
Avg. Sales
$
Jan-12
$121,611
Jan-13
$113,935
-6.31
Jan-14
$121,037
6.23
Jan-14
Dec-14
$127,327
Dec-14
$105,000
Jan-15
$130,329
Jan-15
$110,000
Annual 12
Annual 13
$126,183
Annual 12
Annual 13
$105,000
$109,900
$129,105
vs. Last Year
(%)
$80,000
Jan-15
2.36
2.32
Number of Sales
350
12.00
250
10.00
200
8.00
150
6.00
100
4.00
50
2.00
0
Dec-14
vs. Last
Year (%)
Month
Med. Sales $
Jan-12
$92,050
Jan-13
$92,750
0.76
$97,000
4.58
Jan-15
vs. Last
Month (%)
4.76
4.67
Month's Inventory
14.00
300
Jan-14
0.00
Jan-12
Jan-13
Jan-14
Dec-14
Month
# Sales
vs. Last Year
(%)
Jan-12
258
Jan-13
246
Jan-14
243
Dec-14
318
Jan-15
265
Annual 12
3476
Annual 13
3915
Jan-15
Jan-12
vs. Last
Month (%)
Jan-13
Jan-14
Dec-14
Month
Month's
Inventory
Jan-12
12.13
-4.65
Jan-13
11.82
-2.56
-1.22
Jan-14
11.69
-1.10
Dec-14
8.77
Jan-15
9.92
Annual 12
10.82
Annual 13
9.47
-16.67
12.63
vs. Last
Year (%)
Jan-15
vs. Last
Month (%)
13.11
-12.48
0-$99,999
$100,000$149,999
$150,000$199,999
$200,000$299,999
$300,000$499,999
Jan-12
137
57
33
17
8
6
Jan-13
130
50
40
17
6
3
Jan-14
126
46
29
26
16
0
Dec-14
149
69
52
34
10
4
Jan-15
120
61
39
34
7
4
Ann. 12
1664
794
496
364
106
52
Ann. 13
1810
887
515
486
180
37
Number
Month
Over $500K
Price Range of Sales
160
140
120
100
80
60
40
20
0
Jan-12
Jan-13
Jan-14
Dec-14
Jan-15