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, 2014
Mobile County Residential Market
Prices: For the month of September, 2014, the average sales price decreased from $140,017 in August to $137,079, a 2.10
percent change. The median sales price increased from $118,975 to $120,000 in the same period, or by 0.86 percent.
Sales: The number of sales in September decreased by 8.48 percent since August, having a total of 313 sales. Compared
to last year, total sales decreased by 4.57 percent, or from 328 to 313 sales.
Volume: Of the 313 total sales, 252 sales were under $200,000, representing 80.51 percent of the entire market. In
September, 2013, sales under $200,000 represented 78.66 percent of total sales. Compared to September, 2013, sales in
the $0-$99,999 range decreased by 10.79 percent, or from 139 sales to 124 sales. In the same time period, sales in the
$100,000-$149,999 range increased by 2.44 percent, or from 82 sales to 84 sales in September, 2014.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties in September
increased by 7.20 percent, or from 8.47 in August to 9.08 in September. Compared to last year, the month’s inventory
decreased by 6.78 percent, or from 9.74 to 9.08 in September, 2014.
U.S.: The U.S. market in July showed a 2.4 percent decrease in sales from June. Average sales price decreased by 0.2
percent since June, and increased by 3.3 percent from the previous year. Median sales price decreased by 0.2
percent, or from $222,000 to $221,600. Compared to July, 2013, median sales price increased by 4.3 percent, or from
$212,400 to $221,600. Inventory month’s supply remained at 5.5.
Overall Analysis: For September, the Mobile housing market showed decreases in average sales price and number of
sales, and showed increases in median sales price and month’s inventory supply since August. Per the latest national
housing statistics, the U.S. market in July showed a decrease in sales, average and median sales prices, while inventory
month’s supply remained the same since June 2014.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months Supply
Median Sales Price
$225,000
Jul-13
519,000
$259,000
$212,400
5.0
Jun-14
506,000
$268,100
$222,000
5.5
Jul-14
494,000
$267,500
$221,600
5.5
Vs. Last
Month (%)
-2.4
-0.2
-0.2
0.0
Vs. Last
Year (%)
-4.8
3.3
4.3
10.0
$220,000
$215,000
$210,000
$205,000
Jul-13
Jun-14
Jul-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: 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.
September 2014 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
Sep-11
Sep-12
Sep-13
Aug-14
Sep-11
vs. Last
Month (%)
Sep-12
Sep-13
Aug-14
Month
Avg. Sales
$
Sep-11
$113,809
Sep-11
$95,000
Sep-12
$131,537
15.58
Sep-12
$116,000
22.11
Sep-13
$134,022
1.89
Sep-13
$112,000
-3.45
Aug-14
$140,017
Aug-14
$118,975
Sep-14
$137,079
Sep-14
$120,000
Annual 12
Annual 13
$126,183
Annual 12
Annual 13
$105,000
$109,900
$129,105
vs. Last Year
(%)
$0
Sep-14
Month
-2.10
2.32
Number of Sales
360
Med. Sales $
vs. Last
Year (%)
Sep-14
vs. Last
Month (%)
0.86
4.67
Month's Inventory
14.00
12.00
340
10.00
320
8.00
300
6.00
4.00
280
2.00
260
0.00
Sep-11
Sep-12
Month
# Sales
Sep-11
301
Sep-12
295
Sep-13
328
Aug-14
342
Sep-14
313
Annual 12
3476
Annual 13
3915
Sep-13
Aug-14
vs. Last Year
(%)
Sep-14
Sep-11
vs. Last
Month (%)
Sep-12
Sep-13
Aug-14
Month
Month's
Inventory
Sep-11
11.84
-1.99
Sep-12
10.64
-10.14
11.19
Sep-13
9.74
-8.46
Aug-14
8.47
Sep-14
9.08
Annual 12
10.82
Annual 13
9.47
-8.48
12.63
vs. Last
Year (%)
Sep-14
vs. Last
Month (%)
7.20
-12.48
23
7
5
35
10
4
37
48
20
2
84
52
56
13
4
124
84
44
44
16
1
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
Sep-11
157
64
45
Sep-12
131
64
51
Sep-13
139
82
Aug-14
133
Sep-14
Number
$300,000$499,999
Over $500K
Price Range of Sales
180
160
140
120
100
80
60
40
20
0
Sep-11
Sep-12
Sep-13
Aug-14
Sep-14