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 September, 2015
Mobile County Residential Market
Prices: For the month of September, 2015, the average sales price decreased from $138,644 in August to $138,305, a 0.24
percent change. The median sales price increased from $119,000 to $120,000 in the same period, or by 0.84 percent.
Sales: The number of sales in September decreased by 6.95 percent since August, having a total of 388 sales. Compared
to last year, total sales increased by 22.40 percent, or from 317 to 388 sales.
Volume: Of the 388 total sales, 324 sales were under $200,000, representing 83.51 percent of the entire market. In
August, 2015, sales under $200,000 represented 81.29 percent of total sales. Compared to August, 2015, sales in the $0$99,999 range decreased by 11.04 percent, or from 172 sales to 153 sales. In the same time period, sales in the $150,000$199,999 range increased by 7.69 percent, or from 65 sales to 70 sales in September, 2015.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties increased by 56.91
percent, or from 6.01 in August to 9.43 in September. Compared to last year, the month’s inventory increased by 1.95
percent, or from 9.25 to 9.43 in September, 2015.
U.S.: The U.S. market in July showed a 3.7 percent decrease in sales from June. Average sales price decreased by 1.5
percent since June, and increased by 3.1 percent from the previous year. Median sales price decreased by 1.9
percent, or from $236,300 to $231,800. Compared to July, 2014, median sales price increased by 4.6 percent, or from
$221,600 to $231,800. Inventory month’s supply did not change since June, 2015.
Overall Analysis: For September, the Mobile housing market showed increases in median sales price and month’s
inventory supply, while showing decreases in average sales price and in number of sales. Per the latest national housing
statistics, the U.S. market in July showed decreases in sales, average and median sales prices, while inventory month’s
supply did not change since June 2015.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months Supply
Jul-14
494,000
$267,500
$221,600
5.6
Jun-15
572,000
$280,200
$236,300
4.9
Jul-15
551,000
$275,900
$231,800
4.9
Vs. Last
Month (%)
-3.7
-1.5
-1.9
0.0
Vs. Last
Year (%)
11.5
Median Sales Price
$240,000
$235,000
$230,000
$225,000
$220,000
Jul-14
3.1
4.6
Jun-15
Jul-15
-12.5
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. J. 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.
September 2015 Mobile County Single-Family Residential Report
Average Sales Price
$140,000
$138,000
$120,000
$136,000
$118,000
$134,000
$116,000
$132,000
$114,000
$130,000
$112,000
$128,000
$110,000
$126,000
Sep-12
Sep-13
Sep-14
Month
Avg. Sales
$
Sep-12
$131,537
Sep-13
$133,888
1.79
Sep-14
$136,705
2.10
Aug-15
$138,644
Sep-15
$138,305
Annual 13
Annual 14
$123,095
$133,924
Aug-15
vs. Last Year
(%)
$108,000
Sep-15
Sep-12
vs. Last
Month (%)
-0.24
8.80
Number of Sales
500
Median Sales Price
$122,000
Sep-13
Sep-14
Aug-15
vs. Last
Year (%)
Month
Med. Sales $
Sep-12
$116,000
Sep-13
$112,000
-3.45
Sep-14
$120,000
7.14
Aug-15
$119,000
Sep-15
$120,000
Annual 13
Annual 14
$109,900
$115,000
Sep-15
vs. Last
Month (%)
0.84
4.64
Month's Inventory
12.00
10.00
400
8.00
300
6.00
200
4.00
100
2.00
0
0.00
Sep-12
Sep-13
Month
# Sales
Sep-12
295
Sep-13
329
Sep-14
317
Aug-15
417
Sep-15
388
Annual 13
3919
Annual 14
3896
Sep-14
Aug-15
vs. Last Year
(%)
Sep-15
Sep-12
vs. Last
Month (%)
Sep-13
Sep-14
Aug-15
Month
Month's
Inventory
Sep-12
10.65
11.53
Sep-13
9.75
-8.45
-3.65
Sep-14
9.25
-5.13
Aug-15
6.01
Sep-15
9.43
Annual 13
9.49
Annual 14
8.89
-6.95
-0.59
vs. Last
Year (%)
Sep-15
vs. Last
Month (%)
56.91
-6.32
0-$99,999
$100,000$149,999
$150,000$199,999
$200,000$299,999
$300,000$499,999
Sep-12
131
64
51
35
10
4
Sep-13
140
82
37
48
20
2
Sep-14
127
84
44
44
17
1
Aug-15
172
102
65
51
22
5
Sep-15
153
101
70
44
17
3
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
Sep-12
Sep-13
Sep-14
Aug-15
Sep-15