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 December, 2014
Mobile County Residential Market
Prices: For the month of December, 2014, the average sales price decreased from $128,337 in November to $127,713, a
0.49 percent change. The median sales price decreased from $119,900 to $105,000 in the same period, or by 12.43
percent.
Sales: The number of sales in December increased by 14.18 percent since November, having a total of 314 sales.
Compared to last year, total sales increased by 7.90 percent, or from 291 to 314 sales.
Volume: Of the 314 total sales, 267 sales were under $200,000, representing 85.03 percent of the entire market. In
December, 2013, sales under $200,000 represented 81.10 percent of total sales. Compared to December, 2013, sales in the
$0-$99,999 range increased by 5.03 percent, or from 139 sales to 146 sales. In the same time period, sales in the
$100,000-$149,999 range increased by 25.45 percent, or from 55 sales to 69 sales in December, 2014.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties in December
increased by 17.16 percent, or from 10.55 in November to 8.74 in December. Compared to last year, the month’s
inventory decreased by 14.40 percent, or from 10.21 to 8.74 in December, 2014.
U.S.: The U.S. market in October showed a 1.6 percent increase in sales from September. Average sales price
decreased by 0.4 percent since September, and increased by 3.7 percent from the previous year. Median sales
price decreased by 0.8 percent, or from $209,100 to $207,500. Compared to October, 2013, median sales price increased
by 5.1 percent, or from $197,500 to $207,500. Inventory month’s supply decreased from 5.3 to 5.1 since September, 2014.
Overall Analysis: For December, the Mobile housing market showed decreases in average and median sales price and
month’s inventory supply, while showing increases in number of sales since November. Per the latest national housing
statistics, the U.S. market in October showed an increase in sales, and a decrease in average and median sales prices, and
inventory month’s supply since September 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
Oct-13
424,000
$245,000
$197,500
4.9
Sep-14
436,000
$255,000
$209,100
5.3
Oct-14
443,000
$254,100
$207,500
5.1
$200,000
Vs. Last
Month (%)
1.6
-0.4
-0.8
-3.8
$195,000
4.1
$190,000
Oct-13
Vs. Last
Year (%)
4.5
3.7
5.1
$205,000
Sep-14
Oct-14
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: Andrea Justiniano, 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.
December 2014 Mobile County Single-Family Residential Report
Average Sales Price
$140,000
Median Sales Price
$140,000
$135,000
$120,000
$130,000
$100,000
$80,000
$125,000
$60,000
$120,000
$40,000
$115,000
$20,000
$110,000
Dec-11
Dec-12
Dec-13
Nov-14
Dec-11
vs. Last
Month (%)
Dec-12
Dec-13
Nov-14
Month
Avg. Sales
$
Dec-11
$120,787
Dec-11
$99,000
Dec-12
$131,189
8.61
Dec-12
$110,900
12.02
Dec-13
$137,528
4.83
Dec-13
$107,500
-3.07
Nov-14
$128,337
Nov-14
$119,900
Dec-14
$127,713
Dec-14
$105,000
Annual 12
Annual 13
$126,183
Annual 12
Annual 13
$105,000
$109,900
$129,105
vs. Last Year
(%)
$0
Dec-14
Month
-0.49
2.32
Number of Sales
350
12.00
250
10.00
200
8.00
150
6.00
100
4.00
50
2.00
0
vs. Last
Year (%)
vs. Last
Month (%)
-12.43
4.67
Month's Inventory
14.00
300
Med. Sales $
Dec-14
0.00
Dec-11
Dec-12
Month
# Sales
Dec-11
278
Dec-12
237
Dec-13
291
Nov-14
275
Dec-14
314
Annual 12
3476
Annual 13
3915
Dec-13
Nov-14
vs. Last Year
(%)
Dec-14
Dec-11
vs. Last
Month (%)
Dec-12
Dec-13
Nov-14
Month
Month's
Inventory
Dec-11
11.79
-14.75
Dec-12
12.88
9.25
22.78
Dec-13
10.21
-20.73
Nov-14
10.55
Dec-14
8.74
Annual 12
10.82
Annual 13
9.47
14.18
12.63
vs. Last
Year (%)
Dec-14
vs. Last
Month (%)
-17.16
-12.48
0-$99,999
$100,000$149,999
$150,000$199,999
$200,000$299,999
$300,000$499,999
Dec-11
141
60
32
30
12
3
Dec-12
106
53
39
25
11
3
Dec-13
139
55
42
28
21
6
Nov-14
112
70
46
40
5
2
Dec-14
146
69
52
33
10
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
160
140
120
100
80
60
40
20
0
Dec-11
Dec-12
Dec-13
Nov-14
Dec-14