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, 2014
Mobile County Residential Market
Prices: For the month of June, 2014, the average sales price increased from $134,123 in May to $148,027, a 10.37 percent
change. The median sales price increased from $117,500 to $130,500 in the same period, or by 11.06 percent.
Sales: The number of sales in June decreased by 16.33 percent from May, having a total of 333 sales. Compared to last
year, total sales decreased by 5.4 percent, or from 352 to 333 sales.
Volume: Of the 333 total sales, 266 sales were under $200,000, representing 79.9 percent of the entire market. In June,
2013, sales under $200,000 represented 82.7 percent of total sales. Compared to June, 2013, sales in the $150,000$199,999 range increased by 37.2 percent, or from 43 sales to 59 sales. In the same time period, sales in the $0-$99,999
range decreased by 27.1 percent, or from 155 sales to 113 sales in June, 2014.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties in June increased
by 18.3 percent, or from 7.16 in May to 8.47 in June. Compared to last year, the month’s inventory decreased by 5.89
percent, or from 9.0 to 8.47 in June, 2014.
U.S.: The U.S. market in April showed a 18.9 percent increase in sales from March. Average sales price increased by
2.4 percent since March, and increased by 3.7 percent from the previous year. Median sales price increased by 2.4
percent, or from $196,700 to $201,500. Compared to April, 2013, median sales price increased by 5.1 percent, or from
$191,800 to $201,500. Inventory month’s supply increased from 5.1 to 5.7, an 11.8 percent change.
Overall Analysis: For June, the Mobile housing market showed increases in average sales price, median sales price and
month’s inventory while total number of sales decreased 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.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months Supply
Median Sales Price
$205,000
Apr-13
454,000
$241,700
$191,800
5.2
Mar-14
355,000
$244,800
$196,700
5.1
Apr-14
422,000
$250,700
$201,500
5.7
Vs. Last
Month (%)
18.9
2.4
2.4
11.8
Vs. Last
Year (%)
-7.0
3.7
5.1
9.6
$200,000
$195,000
$190,000
$185,000
Apr-13
Mar-14
Apr-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.
June 2014 Mobile County Single-Family Residential Report
Average Sales Price
$150,000
Median Sales Price
$135,000
$145,000
$130,000
$140,000
$125,000
$120,000
$135,000
$115,000
$130,000
$110,000
$125,000
$105,000
$120,000
$100,000
$115,000
Jun-11
Jun-12
Jun-13
Month
Avg. Sales
$
Jun-11
$133,473
Jun-12
$128,990
-3.36
Jun-13
$127,576
-1.10
May-14
$134,123
Jun-14
$148,027
Annual 12
Annual 13
$126,183
$129,131
May-14
vs. Last Year
(%)
$95,000
Jun-14
Jun-11
vs. Last
Month (%)
10.37
2.34
Number of Sales
500
Jun-12
Jun-13
May-14
vs. Last
Year (%)
Month
Med. Sales $
Jun-11
$115,750
Jun-12
$110,000
-4.97
Jun-13
$114,500
4.09
May-14
$117,500
Jun-14
$130,500
Annual 12
Annual 13
$105,000
$109,900
Jun-14
vs. Last
Month (%)
11.06
4.67
Month's Inventory
12.00
10.00
400
8.00
300
6.00
200
4.00
100
2.00
0
0.00
Jun-11
Jun-12
Jun-13
May-14
Month
# Sales
vs. Last Year
(%)
Jun-11
318
Jun-12
311
Jun-13
352
May-14
398
Jun-14
333
Annual 12
3476
Annual 13
3914
Jun-14
Jun-11
vs. Last
Month (%)
Jun-12
Jun-13
May-14
Month
Month's
Inventory
Jun-11
11.26
-2.20
Jun-12
10.38
-7.82
13.18
Jun-13
9.00
-13.29
May-14
7.16
Jun-14
8.47
Annual 12
10.81
Annual 13
9.46
-16.33
12.60
vs. Last
Year (%)
Jun-14
vs. Last
Month (%)
18.30
-12.49
49
9
5
40
12
4
43
41
19
1
94
60
57
20
2
113
94
59
45
19
3
Ann. 12
1664
794
496
364
106
52
Ann. 13
1809
887
515
486
180
37
Month
0-$99,999
$100,000$149,999
$150,000$199,999
$200,000$299,999
Jun-11
138
78
39
Jun-12
143
73
39
Jun-13
155
93
May-14
165
Jun-14
Number
$300,000$499,999
Over $500K
Price Range of Sales
180
160
140
120
100
80
60
40
20
0
Jun-11
Jun-12
Jun-13
May-14
Jun-14