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 August, 2015
Mobile County Residential Market
Prices: For the month of August, 2015, the average sales price decreased from $139,834 in July to $138,644, a 0.85
percent change. The median sales price decreased from $119,900 to $119,000 in the same period, or by 0.75 percent.
Sales: The number of sales in July decreased by 8.35 percent since July, having a total of 417 sales. Compared to last
year, total sales increased by 21.57 percent, or from 343 to 417 sales.
Volume: Of the 417 total sales, 339 sales were under $200,000, representing 81.29 percent of the entire market. In July,
2015, sales under $200,000 represented 80.0 percent of total sales. Compared to July, 2015, sales in the $100,000$149,999 range decreased by 15.0 percent, or from 120 sales to 102 sales. In the same time period, sales in the $150,000$199,999 range increased by 8.33 percent, or from 60 sales to 65 sales in July, 2015.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties decreased by 0.50
percent, or from 6.04 in July to 6.01 in August. Compared to last year, the month’s inventory decreased by 30.36 percent,
or from 8.63 to 6.01 in August, 2015.
U.S.: The U.S. market in June showed a 15.6 percent increase in sales from May. Average sales price increased by 2.6
percent since May, and increased by 4.5 percent from the previous year. Median sales price increased by 3.2
percent, or from $228,900 to $236,300. Compared to June, 2014, median sales price increased by 6.4 percent, or from
$222,000 to $236,300. Inventory month’s supply decreased by 3.9 percent since May, 2015.
Overall Analysis: For August, the Mobile housing market showed decreases in average sales price, median sales price,
number of sales, and in month’s inventory supply. Per the latest national housing statistics, the U.S. market in June
showed an increase in sales, average and median sales prices, while showing a decrease in inventory month’s supply since
May 2015.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months Supply
Jun-14
506,000
$268,100
$222,000
5.5
May-15
495,000
$273,000
$228,900
5.1
Jun-15
572,000
$280,200
$236,300
4.9
Vs. Last
Month (%)
15.6
2.6
3.2
-3.9
Vs. Last
Year (%)
13.0
Median Sales Price
$240,000
$235,000
$230,000
$225,000
$220,000
Jun-14
4.5
6.4
May-15
Jun-15
-10.9
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. Reid Cummings, Director, Center for Real Estate and Economic Development, Mitchell College of
Business, University of South Alabama, Office: 251.460.6710, E-mail: cummings@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.
August 2015 Mobile County Single-Family Residential Report
Average Sales Price
$160,000
Median Sales Price
$125,000
$140,000
$120,000
$120,000
$115,000
$100,000
$110,000
$80,000
$60,000
$105,000
$40,000
$100,000
$20,000
$95,000
$0
Aug-12
Aug-13
Aug-14
Month
Avg. Sales
$
Aug-12
$115,430
Aug-13
$133,948
16.04
Aug-14
$140,554
4.93
Jul-15
$139,834
Aug-15
$138,644
Annual 13
Annual 14
$123,095
$133,924
Jul-15
vs. Last Year
(%)
$90,000
Aug-15
Aug-12
vs. Last
Month (%)
-0.85
8.80
Number of Sales
500
Aug-13
Aug-14
Jul-15
vs. Last
Year (%)
Month
Med. Sales $
Aug-12
$102,450
Aug-13
$119,000
16.15
Aug-14
$119,950
0.80
Jul-15
$119,900
Aug-15
$119,000
Annual 13
Annual 14
$109,900
$115,000
Aug-15
vs. Last
Month (%)
-0.75
4.64
Month's Inventory
12.00
10.00
400
8.00
300
6.00
200
4.00
100
2.00
0
0.00
Aug-12
Aug-13
Month
# Sales
Aug-12
300
Aug-13
357
Aug-14
343
Jul-15
455
Aug-15
417
Annual 13
3919
Annual 14
3896
Aug-14
Jul-15
vs. Last Year
(%)
Aug-15
Aug-12
vs. Last
Month (%)
Aug-13
Aug-14
Jul-15
Month
Month's
Inventory
Aug-12
10.59
19.00
Aug-13
8.96
-15.39
-3.92
Aug-14
8.63
-3.68
Jul-15
6.04
Aug-15
6.01
Annual 13
9.49
Annual 14
8.89
-8.35
-0.59
vs. Last
Year (%)
Aug-15
vs. Last
Month (%)
-0.50
-6.32
36
6
0
54
13
3
52
57
13
4
120
60
65
21
5
172
102
65
51
22
5
Ann. 12
1664
794
496
364
106
52
Ann. 13
1810
887
515
486
180
37
Month
0-$99,999
$100,000$149,999
$150,000$199,999
$200,000$299,999
Aug-12
143
73
42
Aug-13
145
89
53
Aug-14
133
84
Jul-15
184
Aug-15
Number
$300,000$499,999
Over $500K
Price Range of Sales
200
180
160
140
120
100
80
60
40
20
0
Aug-12
Aug-13
Aug-14
Jul-15
Aug-15