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 July, 2015
Mobile County Residential Market
Prices: For the month of July, 2015, the average sales price decreased from $144,234 in June to $139,834, a 3.05 percent
change. The median sales price decreased from $129,400 to $119,900 in the same period, or by 7.34 percent.
Sales: The number of sales in July decreased by 2.36 percent since June, having a total of 455 sales. Compared to last
year, total sales increased by 18.18 percent, or from 385 to 455 sales.
Volume: Of the 455 total sales, 364 sales were under $200,000, representing 80.0 percent of the entire market. In June,
2015, sales under $200,000 represented 78.11 percent of total sales. Compared to June, 2015, sales in the $100,000$149,999 range increased by 12.15 percent, or from 107 sales to 120 sales. In the same time period, sales in the $150,000$199,999 range decreased by 25.93 percent, or from 81 sales to 60 sales in July, 2015.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties increased by 0.50
percent, or from 5.98 in June to 6.01 in July. Compared to last year, the month’s inventory decreased by 21.64 percent, or
from 7.67 to 6.01 in July, 2015.
U.S.: The U.S. market in May showed a 10.2 percent increase in sales from April. Average sales price increased by 3.4
percent since April, and increased by 5.2 percent from the previous year. Median sales price increased by 4.7
percent, or from $218,700 to $228,900. Compared to May, 2014, median sales price increased by 8.0 percent, or from
$212,000 to $228,900. Inventory month’s supply decreased by 1.9 percent since April, 2015.
Overall Analysis: For July, the Mobile housing market showed an increase in month’s inventory supply, but showed
decreases in average sales price, median sales price, and in number of sales. Per the latest national housing statistics, the
U.S. market in May showed an increase in sales, average and median sales prices, while showing a decrease in inventory
month’s supply since April 2015.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months Supply
Median Sales Price
$235,000
May-14
473,000
$259,400
$212,000
5.5
$230,000
Apr-15
449,000
$263,900
$218,700
5.2
$225,000
May-15
495,000
$273,000
$228,900
5.1
$220,000
Vs. Last
Month (%)
10.2
3.4
4.7
-1.9
$215,000
Vs. Last
Year (%)
4.7
5.2
8.0
-7.3
$210,000
May-14
Apr-15
May-15
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, Senior 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.
July 2015 Mobile County Single-Family Residential Report
Average Sales Price
$146,000
Median Sales Price
$135,000
$144,000
$130,000
$142,000
$125,000
$140,000
$120,000
$138,000
$136,000
$115,000
$134,000
$110,000
$132,000
Jul-12
Jul-13
Jul-14
Month
Avg. Sales
$
Jul-12
$137,239
Jul-13
$136,489
-0.55
Jul-14
$136,423
-0.05
Jun-15
$144,234
Jul-15
$139,834
Annual 13
Annual 14
$123,095
$133,924
Jun-15
vs. Last Year
(%)
$105,000
Jul-15
Jul-12
vs. Last
Month (%)
-3.05
8.80
Number of Sales
500
Jul-13
Jul-14
Jun-15
vs. Last
Year (%)
Month
Med. Sales $
Jul-12
$116,000
Jul-13
$115,000
-0.86
Jul-14
$120,000
4.35
Jun-15
$129,400
Jul-15
$119,900
Annual 13
Annual 14
$109,900
$115,000
Jul-15
vs. Last
Month (%)
-7.34
4.64
Month's Inventory
12.00
10.00
400
8.00
300
6.00
200
4.00
100
2.00
0
0.00
Jul-12
Jul-13
Jul-14
Jun-15
Month
# Sales
vs. Last Year
(%)
Jul-12
300
Jul-13
384
Jul-14
385
Jun-15
466
Jul-15
455
Annual 13
3919
Annual 14
3896
Jul-15
Jul-12
vs. Last
Month (%)
Jul-13
Jul-14
Jun-15
Month
Month's
Inventory
Jul-12
10.60
28.00
Jul-13
8.24
-22.26
0.26
Jul-14
7.67
-6.92
Jun-15
5.98
Jul-15
6.01
Annual 13
9.49
Annual 14
8.89
-2.36
-0.59
vs. Last
Year (%)
Jul-15
vs. Last
Month (%)
0.50
-6.32
0-$99,999
$100,000$149,999
$150,000$199,999
$200,000$299,999
$300,000$499,999
Jul-12
132
74
40
36
13
5
Jul-13
173
91
57
38
20
5
Jul-14
153
100
66
43
18
5
Jun-15
176
107
81
71
27
4
Jul-15
184
120
60
65
21
5
Ann. 12
1664
794
496
364
106
52
Ann. 13
1810
887
515
486
180
37
Number
Month
Over $500K
Price Range of Sales
200
180
160
140
120
100
80
60
40
20
0
Jul-12
Jul-13
Jul-14
Jun-15
Jul-15