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 March, 2015
Mobile County Residential Market
Prices: For the month of March, 2015, the average sales price increased from $150,693 in February to $151,338, a 0.43
percent change. The median sales price increased from $126,350 to $127,000 in the same period, or by 0.51 percent.
Sales: The number of sales in March increased by 44.49 percent since February, having a total of 393 sales. Compared to
last year, total sales increased by 14.24 percent, or from 340 to 393 sales.
Volume: Of the 393 total sales, 304 sales were under $200,000, representing 77.35 percent of the entire market. In
February, 2015, sales under $200,000 represented 77.21 percent of total sales. Compared to February, 2015, sales in the
$0-$99,999 range increased by 42.86 percent, or from 98 sales to 140 sales. In the same time period, sales in the
$150,000-$199,999 range increased by 79.41 percent, or from 34 sales to 61 sales in March, 2015.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties in March decreased
by 30.27 percent, or from 9.78 in February to 6.82 in March. Compared to last year, the month’s inventory decreased by
17.73 percent, or from 8.29 to 6.82 in March, 2015.
U.S.: The U.S. market in January showed a 32.0 percent decrease in sales from December. Average sales price
decreased by 3.5 percent since December, and increased by 4.0 percent from the previous year. Median sales
price decreased by 5.1 percent, or from $208,200 to $197,600. Compared to January, 2014, median sales price increased
by 5.2 percent, or from $187,900 to $197,600. Inventory month’s supply increased by 4.5 percent since December, 2014.
Overall Analysis: For March, 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 February. Per the latest national housing
statistics, the U.S. market in January showed a decrease in sales, average and median sales prices, while inventory
month’s supply increased since December 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
Jan-14
281,000
$236,500
$187,900
4.8
Dec-14
413,000
$254,800
$208,200
4.4
Jan-15
281,000
$245,900
$197,600
4.6
Vs. Last
Month (%)
-32.0
-3.5
-5.1
4.5
Vs. Last
Year (%)
0.0
4.0
5.2
-4.2
$200,000
$190,000
$180,000
$170,000
Jan-14
Dec-14
Jan-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, 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.
March 2015 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
Mar-12
Mar-13
Mar-14
Feb-15
Mar-12
vs. Last
Month (%)
Mar-13
Mar-14
Feb-15
Month
Avg. Sales
$
Mar-12
$111,243
Mar-12
$93,250
Mar-13
$123,945
11.42
Mar-13
$100,500
7.77
Mar-14
$138,472
11.72
Mar-14
$110,300
9.75
Feb-15
$150,693
Feb-15
$126,350
Mar-15
$151,338
Mar-15
$127,000
Annual 13
Annual 14
$123,095
Annual 13
Annual 14
$109,900
$115,000
$133,924
vs. Last Year
(%)
$0
Mar-15
Month
0.43
8.80
Number of Sales
500
Med. Sales $
vs. Last
Year (%)
Mar-15
vs. Last
Month (%)
0.51
4.64
Month's Inventory
12.00
10.00
400
8.00
300
6.00
200
4.00
100
2.00
0
0.00
Mar-12
Mar-13
Mar-14
Feb-15
Month
# Sales
vs. Last Year
(%)
Mar-12
340
Mar-13
360
Mar-14
344
Feb-15
272
Mar-15
393
Annual 13
3919
Annual 14
3896
Mar-15
Mar-12
vs. Last
Month (%)
Mar-13
Mar-14
Feb-15
Month
Month's
Inventory
Mar-12
9.07
5.88
Mar-13
8.55
-5.73
-4.44
Mar-14
8.29
-3.04
Feb-15
9.78
Mar-15
6.82
Annual 13
9.49
Annual 14
8.89
44.49
-0.59
vs. Last
Year (%)
Mar-15
vs. Last
Month (%)
-30.27
-6.32
23
6
4
42
11
5
47
45
11
9
78
34
42
15
5
140
103
61
60
19
10
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
Mar-12
177
81
49
Mar-13
178
85
39
Mar-14
155
77
Feb-15
98
Mar-15
Number
$300,000$499,999
Over $500K
Price Range of Sales
200
180
160
140
120
100
80
60
40
20
0
Mar-12
Mar-13
Mar-14
Feb-15
Mar-15