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 June, 2015
Mobile County Residential Market
Prices: For the month of June, 2015, the average sales price decreased from $156,848 in May to $144,234, an 8.04
percent change. The median sales price decreased from $132,900 to $129,400 in the same period, or by 2.63 percent.
Sales: The number of sales in June increased by 17.97 percent since May, having a total of 466 sales. Compared to last
year, total sales increased by 38.69 percent, or from 336 to 466 sales.
Volume: Of the 466 total sales, 364 sales were under $200,000, representing 78.11 percent of the entire market. In May,
2015, sales under $200,000 represented 75.44 percent of total sales. Compared to May, 2015, sales in the $0-$99,999
range increased by 40.80 percent, or from 125 sales to 176 sales. In the same time period, sales in the $150,000-$199,999
range increased by 26.56 percent, or from 64 sales to 81 sales in June, 2015.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties decreased by 15.66
percent, or from 7.09 in May to 5.98 in June. Compared to last year, the month’s inventory decreased by 31.19 percent, or
from 8.69 to 5.98 in June, 2015.
U.S.: The U.S. market in April showed a 10.9 percent increase in sales from March. Average sales price increased by
3.0 percent since March, and increased by 5.3 percent from the previous year. Median sales price increased by 3.8
percent, or from $210,700 to $218,700. Compared to April, 2014, median sales price increased by 8.5 percent, or from
$201,500 to $218,700. Inventory month’s supply increased by 13.0 percent since March, 2015.
Overall Analysis: For June, the Mobile housing market showed an increase in the number of sales, but showed decreases
in average sales price, median sales price, and in month’s inventory supply since May. Per the latest national housing
statistics, the U.S. market in April showed an increase in sales, average and median sales prices, and inventory month’s
supply since March 2015.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months Supply
Median Sales Price
$220,000
Apr-14
422,000
$250,700
$201,500
5.6
$215,000
Mar-15
405,000
$256,300
$210,700
4.6
$210,000
Apr-15
449,000
$263,900
$218,700
5.2
$205,000
$200,000
Vs. Last
Month (%)
10.9
3.0
3.8
13.0
$195,000
Vs. Last
Year (%)
6.4
5.3
8.5
-7.1
$190,000
Apr-14
Mar-15
Apr-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. 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.
June 2015 Mobile County Single-Family Residential Report
Average Sales Price
$200,000
Median Sales Price
$140,000
$120,000
$150,000
$100,000
$80,000
$100,000
$60,000
$40,000
$50,000
$20,000
$0
Jun-12
Jun-13
Jun-14
Month
Avg. Sales
$
Jun-12
$128,990
Jun-13
$127,576
-1.10
Jun-14
$148,130
16.11
May-15
$156,848
Jun-15
$144,234
Annual 13
Annual 14
$123,095
$133,924
May-15
vs. Last Year
(%)
$0
Jun-15
Jun-12
vs. Last
Month (%)
-8.04
8.80
Number of Sales
500
Jun-13
Jun-14
May-15
vs. Last
Year (%)
Month
Med. Sales $
Jun-12
$110,000
Jun-13
$114,500
4.09
Jun-14
$130,500
13.97
May-15
$132,900
Jun-15
$129,400
Annual 13
Annual 14
$109,900
$115,000
Jun-15
vs. Last
Month (%)
-2.63
4.64
Month's Inventory
12.00
10.00
400
8.00
300
6.00
200
4.00
100
2.00
0
0.00
Jun-12
Jun-13
Jun-14
May-15
Month
# Sales
vs. Last Year
(%)
Jun-12
311
Jun-13
352
Jun-14
336
May-15
395
Jun-15
466
Annual 13
3919
Annual 14
3896
Jun-15
Jun-12
vs. Last
Month (%)
Jun-13
Jun-14
May-15
Month
Month's
Inventory
Jun-12
10.39
13.18
Jun-13
9.03
-13.09
-4.55
Jun-14
8.69
-3.77
May-15
7.09
Jun-15
5.98
Annual 13
9.49
Annual 14
8.89
17.97
-0.59
vs. Last
Year (%)
Jun-15
vs. Last
Month (%)
-15.66
-6.32
0-$99,999
$100,000$149,999
$150,000$199,999
$200,000$299,999
$300,000$499,999
Jun-12
143
73
39
40
12
4
Jun-13
155
93
43
41
19
1
Jun-14
113
95
60
46
19
3
May-15
125
109
64
70
20
7
Jun-15
176
107
81
71
27
4
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
Jun-12
Jun-13
Jun-14
May-15
Jun-15