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 August, 2014
Mobile County Residential Market
Prices: For the month of August, 2014, the average sales price increased from $136,464 in July to $139,825, a 2.46
percent change. The median sales price decreased from $120,000 to $118,000 in the same period, or by 1.67 percent.
Sales: The number of sales in August decreased by 12.76 percent since July, having a total of 335 sales. Compared to last
year, total sales decreased by 5.90 percent, or from 356 to 335 sales.
Volume: Of the 335 total sales, 264 sales were under $200,000, representing 78.81 percent of the entire market. In
August, 2013, sales under $200,000 represented 80.62 percent of total sales. Compared to August, 2013, sales in the $0$99,999 range decreased by 8.97 percent, or from 145 sales to 132 sales. In the same time period, sales in the $100,000$149,999 range decreased by 7.87 percent, or from 89 sales to 82 sales in August, 2014.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties in August increased
by 13.83 percent, or from 7.52 in July to 8.56 in August. Compared to last year, the month’s inventory decreased by 4.36
percent, or from 8.95 to 8.56 in August, 2014.
U.S.: The U.S. market in June showed a 7.0 percent increase in sales from May. Average sales price increased by 3.4
percent since May, and increased by 2.7 percent from the previous year. Median sales price increased by 4.7
percent, or from $212,000 to $222,000. Compared to June, 2013, median sales price increased by 3.7 percent, or from
$214,000 to $222,000. Inventory month’s supply remained at 5.5.
Overall Analysis: For August, the Mobile housing market showed decreases in median sales price, and number of sales
while average sales price and month’s inventory supply increased since July. Per the latest national housing statistics, the
U.S. market in June showed an increase in sales, and average and median sales prices, while inventory month’s supply
remained the same since May 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
Jun-13
500,000
$261,000
$214,000
5.0
May-14
473,000
$259,400
$212,000
5.5
Jun-14
506,000
$268,100
$222,000
5.5
Vs. Last
Month (%)
7.0
3.4
4.7
0.0
Vs. Last
Year (%)
1.2
2.7
3.7
10.0
$220,000
$215,000
$210,000
$205,000
Jun-13
May-14
Jun-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.
August 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
Aug-11
Aug-12
Aug-13
Jul-14
Aug-11
vs. Last
Month (%)
Aug-12
Aug-13
Jul-14
Month
Avg. Sales
$
Aug-11
$119,186
Aug-11
$96,342
Aug-12
$115,430
-3.15
Aug-12
$102,450
6.34
Aug-13
$133,650
15.78
Aug-13
$119,000
16.15
Jul-14
$136,464
Jul-14
$120,000
Aug-14
$139,825
Aug-14
$118,000
Annual 12
Annual 13
$126,183
Annual 12
Annual 13
$105,000
$109,900
$129,105
vs. Last Year
(%)
$0
Aug-14
Month
2.46
2.32
Number of Sales
500
Med. Sales $
vs. Last
Year (%)
Aug-14
vs. Last
Month (%)
-1.67
4.67
Month's Inventory
12.00
10.00
400
8.00
300
6.00
200
4.00
100
2.00
0
0.00
Aug-11
Aug-12
Month
# Sales
Aug-11
320
Aug-12
300
Aug-13
356
Jul-14
384
Aug-14
335
Annual 12
3476
Annual 13
3915
Aug-13
Jul-14
vs. Last Year
(%)
Aug-14
Aug-11
vs. Last
Month (%)
Aug-12
Aug-13
Jul-14
Month
Month's
Inventory
Aug-11
11.38
-6.25
Aug-12
10.59
-6.94
18.67
Aug-13
8.95
-15.49
-12.76
12.63
Jul-14
7.52
Aug-14
8.56
Annual 12
10.82
Annual 13
9.47
vs. Last
Year (%)
Aug-14
vs. Last
Month (%)
13.83
-12.48
0-$99,999
$100,000$149,999
$150,000$199,999
$200,000$299,999
$300,000$499,999
Aug-11
168
73
33
27
15
4
Aug-12
143
73
42
36
6
0
Aug-13
145
89
53
53
13
3
Jul-14
153
99
66
43
18
5
Aug-14
132
82
50
54
13
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
180
160
140
120
100
80
60
40
20
0
Aug-11
Aug-12
Aug-13
Jul-14
Aug-14