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 May, 2015
Mobile County Residential Market
Prices: For the month of May, 2015, the average sales price increased from $139,916 in April to $156,848, a 12.10
percent change. The median sales price increased from $120,000 to $132,900 in the same period, or by 10.75 percent.
Sales: The number of sales in May increased by 2.86 percent since April, having a total of 395 sales. Compared to last
year, total sales decreased by 1.0 percent, or from 399 to 395 sales.
Volume: Of the 395 total sales, 299 sales were under $200,000, representing 75.44 percent of the entire market. In April,
2015, sales under $200,000 represented 79.95 percent of total sales. Compared to April, 2015, sales in the $100,000$149,999 range increased by 15.96 percent, or from 94 sales to 109 sales. In the same time period, sales in the $200,000$299,999 range increased by 45.83 percent, or from 48 sales to 70 sales in May, 2015.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties decreased by 0.70
percent, or from 7.14 in April to 7.09 in May. Compared to last year, the month’s inventory decreased by 2.61 percent, or
from 7.28 to 7.09 in May, 2015.
U.S.: The U.S. market in March showed a 37.3 percent increase in sales from February. Average sales price increased
by 3.4 percent since February, and increased by 4.7 percent from the previous year. Median sales price increased
by 4.4 percent, or from $201,900 to $210,700. Compared to March, 2014, median sales price increased by 7.1 percent, or
from $196,700 to $210,700. Inventory month’s supply decreased by 2.1 percent since February, 2015.
Overall Analysis: For May, the Mobile housing market showed increases in average sales price, median sales price, and
number of sales, while showing a decrease in month’s inventory supply since April. Per the latest national housing
statistics, the U.S. market in March showed an increase in sales, average and median sales prices, while showing a
decrease in inventory month’s supply since February 2015.
United States Existing Home Prices for All Housing Types
Tim e
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months Supply
Median Sales Price
$215,000
Mar-14
355,000
$244,800
$196,700
5.0
$210,000
Feb-15
295,000
$247,800
$201,900
4.7
$205,000
Mar-15
405,000
$256,300
$210,700
4.6
Vs. Last
Month (%)
37.3
3.4
4.4
-2.1
Vs. Last
Year (%)
14.1
4.7
7.1
-8.0
$200,000
$195,000
$190,000
$185,000
Mar-14
Feb-15
Mar-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. Howev er, 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.
May 2015 Mobile County Single-Family Residential Report
Average Sales Price
$160,000
$155,000
$150,000
$145,000
$140,000
$135,000
$130,000
$125,000
$120,000
$115,000
Median Sales Price
$135,000
$130,000
$125,000
$120,000
$115,000
$110,000
May-12
May-13
May-14
Month
Avg. Sales
$
May-12
$131,601
May-13
$134,265
2.02
May-14
$133,914
-0.26
Apr-15
$139,916
May-15
$156,848
Annual 13
Annual 14
$123,095
$133,924
Apr-15
vs. Last Year
(%)
$105,000
May-15
May-12
vs. Last
Month (%)
12.10
8.80
Number of Sales
420
May-14
Apr-15
vs. Last
Year (%)
Month
Med. Sales $
May-12
$115,000
May-13
$119,450
3.87
May-14
$117,000
-2.05
Apr-15
$120,000
May-15
$132,900
Annual 13
Annual 14
$109,900
$115,000
May-15
vs. Last
Month (%)
10.75
4.64
Month's Inventory
10.00
400
May-13
8.00
380
6.00
360
4.00
340
2.00
320
300
0.00
May-12
May-13
Month
# Sales
May-12
346
May-13
404
May-14
399
Apr-15
384
May-15
395
Annual 13
3919
Annual 14
3896
May-14
Apr-15
vs. Last Year
(%)
May-15
May-12
vs. Last
Month (%)
May-13
May-14
Apr-15
Month
Month's
Inventory
May-12
9.20
16.76
May-13
7.77
-15.54
-1.24
May-14
7.28
-6.31
Apr-15
7.14
May-15
7.09
Annual 13
9.49
Annual 14
8.89
2.86
-0.59
vs. Last
Year (%)
May-15
vs. Last
Month (%)
-0.70
-6.32
$150,000$199,999
$200,000$299,999
$300,000$499,999
158
82
54
34
10
8
172
102
54
56
17
3
May-14
166
94
60
57
20
2
Apr-15
153
94
60
48
21
8
May-15
125
109
64
70
20
7
Ann. 12
1664
794
496
364
106
52
Ann. 13
1810
887
515
486
180
37
Month
0-$99,999
May-12
May-13
Number
$100,000$149,999
Over $500K
Price Range of Sales
200
180
160
140
120
100
80
60
40
20
0
May-12
May-13
May-14
Apr-15
May-15