Month of February, 2015
Center for Real Estate and Economic Development
Mobile Area Multi-List
Go to: http://creed.southalabama.edu
for more data
Prices: For the month of February, 2015, the average sales price increased from $130,103 in January to $150,817, a 15.92 percent change. The median sales price increased from $110,000 to $126,350 in the same period, or by 14.86 percent.
Sales: The number of sales in February increased by 1.12 percent since January, having a total of 270 sales. Compared to last year, total sales decreased by 2.17 percent, or from 276 to 270 sales.
Volume: Of the 270 total sales, 208 sales were under $200,000, representing 77.04 percent of the entire market. In
January, 2015, sales under $200,000 represented 83.15 percent of total sales. Compared to January, 2015, sales in the $0-
$99,999 range decreased by 19.83 percent, or from 121 sales to 97 sales. In the same time period, sales in the $300,000-
$499,999 range increased by 114.29 percent, or from 7 sales to 15 sales in February, 2015.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties in February decreased by 2.21 percent, or from 9.97 in January to 9.75 in February. Compared to last year, the month’s inventory decreased by 5.43 percent, or from 10.31 to 9.75 in February, 2015.
U.S.: The U.S. market in December showed a 17.7 percent increase in sales from November. Average sales price increased by 0.4 percent since November, and increased by 6.7 percent from the previous year . Median sales price increased by 0.5 percent, or from $207,200 to $208,200. Compared to December, 2013, median sales price increased by 5.3 percent, or from $197,700 to $208,200. Inventory month’s supply decreased by 13.7 percent since November,
2014.
Overall Analysis: For February, the Mobile housing market showed increases in average and median sales price and number of sales, while showing a decrease in month’s inventory supply since January. Per the latest national housing statistics, the U.S. market in December showed an increase in sales, average and median sales prices, while inventory month’s supply decreased since November 2014.
Time
Dec-13
Nov-14
Sales
387,000
351,000
Average
Sales Price
Median Sales
Price
Inventory
Months Supply
$210,000
$246,700 $197,700 4.6
$205,000
$253,700 $207,200 5.1
$200,000
Dec-14 413,000 $254,800 $208,200 4.4
Vs. Last
Month (%)
17.7 0.4 0.5 -13.7
$195,000
Vs. Last
Year (%)
6.7 3.3 5.3 -4.3
$190,000
Dec-13 Nov-14 Dec-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 : Andrea Justiniano, 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.

Average Sales Price
$160,000
$140,000
$120,000
$100,000
$80,000
$60,000
$40,000
$20,000
$0
Feb-12 Feb-13 Feb-14 Jan-15 Feb-15
Month
Avg. Sales
$
$118,804 Feb-12
Feb-13
Feb-14
Jan-15
Feb-15
$115,946
$123,385
$130,103
$150,817
Annual 13 $123,095
Annual 14 $133,924 vs. Last Year
(%)
-2.41
6.42
8.80
vs. Last
Month (%)
15.92
Median Sales Price
$140,000
$120,000
$100,000
$80,000
$60,000
$40,000
$20,000
$0
Feb-12 Feb-13 Feb-14 Jan-15 Feb-15
Month
Feb-12
Feb-13
Feb-14
Jan-15
Feb-15
Annual 13
Annual 14
Med. Sales $
$81,750
$91,900
$107,250
$110,000
$126,350
$109,900
$115,000 vs. Last
Year (%) vs. Last
Month (%)
12.42
16.70
4.64
14.86
300
280
260
240
220
200
Number of Sales Month's Inventory
14.00
12.00
10.00
8.00
6.00
4.00
2.00
0.00
Feb-12 Feb-13 Feb-14 Jan-15 Feb-15 Feb-12 Feb-13 Feb-14 Jan-15 Feb-15
Feb-12
Feb-13
Feb-14
Jan-15
Feb-15
Ann. 12
Ann. 13
Month
Feb-12
Feb-13
Feb-14
Jan-15
Feb-15
Annual 13
Annual 14
# Sales
239
284
276
267
270
3919
3896 vs. Last Year
(%) vs. Last
Month (%)
18.83
-2.82
-0.59
1.12
Month 0-$99,999
$100,000-
$149,999
139
154
126
121
97
1664
1810
35
50
64
62
78
794
887
$150,000-
$199,999
28
36
45
39
33
496
515
$200,000-
$299,999
$300,000-
$499,999
27
31
25
34
42
364
486
Price Range of Sales
5
11
15
7
15
106
180
5
2
1
4
5
52
37
180
160
140
120
100
80
60
40
20
0
Month
Feb-12
Feb-13
Feb-14
Jan-15
Feb-15
Annual 13
Annual 14
Month's
Inventory
13.15
10.54
10.31
9.97
9.75
9.49
8.89
vs. Last
Year (%) vs. Last
Month (%)
-19.85
-2.18
-6.32
-2.21
Feb-12 Feb-13 Feb-14 Jan-15 Feb-15