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 April, 2014
Mobile County Residential Market
Prices: For the month of April, 2014, the average sales price decreased from $138,472 in March to $133,531, a 3.57
percent change. The median sales price increased from $110,300 to $115,000 in the same period, or by 4.26 percent.
Sales: The number of sales in April decreased by 2.03 percent from March, having a total of 337 sales. Compared to last
year, total sales decreased by 5.6 percent, or from 357 to 337 sales.
Volume: Of the 337 total sales, 275 sales were under $200,000, representing 81.6 percent of the entire market. In April,
2013, sales under $200,000 represented 77.03 percent of total sales. Compared to April, 2013, sales in the $150,000$199,999 range increased by 18.75 percent, or from 48 sales to 57 sales. In the same time period, properties that sold for
over $500,000 increased by 200 percent, or from 2 sales to 6 sales in April, 2014.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties in April increased
by 1.23 percent, or from 8.14 in March to 8.24 in April. Compared to last year, the month’s inventory decreased by 4.07
percent, or from 8.59 to 8.24 in April, 2014.
U.S.: The U.S. market in February showed a 0.4 percent increase in sales from January. There was no change in
average sales price since January, yet it increased 7.1 percent from the previous year. Median sales price increased
by 0.2 percent, or from $187,900 to $188,300. Inventory month’s supply increased from 4.9 to 5.0, a 2.0 percent change.
Compared to January, 2013, median sales price increased by 8.7 percent, or from $173,200 to $188,300.
Overall Analysis: For April, the Mobile housing market showed decreases in average sales price and number of sales
and increases in median sales prices and month’s inventory since March. Per the latest national housing statistics, the U.S.
market in February showed an increase in sales, median sales price, and inventory month’s supply while average sales
price remained the same.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Month's Supply
Median Sales Price
$190,000
Feb-13
304,000
$220,900
$173,200
4.6
Jan-14
281,000
$236,600
$187,900
4.9
Feb-14
282,000
$236,600
$188,300
5.0
Vs. Last
Month (%)
0.4
0.0
0.2
2.0
$170,000
8.7
$165,000
Feb-13
Vs. Last
Year (%)
-7.2
7.1
8.7
$185,000
$180,000
$175,000
Jan-14
Feb-14
Data Sources: All data taken from the Mobile Area Association of Realtors, Office: 251.479.8654;
and the
NationalPrice
Association of
Median
Sales
Realtors, www.realtor.org.
$200,000
Report by: Andrea Justiniano, Research Associate
$190,000
For additional information: Dr. Don Epley, Director, Center for Real Estate and Economic Development, Mitchell College of
$180,000
Business, University of South Alabama, Office: 251.460.6735, E-mail: depley@southalabama.edu.
$170,000
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
$160,000
privately owned rights. Reference to any specific commercial product, process, or service does not constitute an endorsement, recommendation, or favoring by USA.
$150,000
April 2014 Mobile County Single-Family Residential Report
Average Sales Price
$140,000
$135,000
$130,000
$125,000
$120,000
Apr-11
Apr-12
Apr-13
Month
Avg. Sales
$
Apr-11
$130,759
Apr-12
$126,619
-3.17
Apr-13
$131,615
3.95
Mar-14
$138,472
Apr-14
$133,531
Annual 12
Annual 13
$126,183
$129,145
Mar-14
vs. Last Year
(%)
Apr-14
Apr-11
vs. Last
Month (%)
-3.57
2.35
Number of Sales
400
Median Sales Price
$116,000
$114,000
$112,000
$110,000
$108,000
$106,000
$104,000
$102,000
$100,000
$98,000
Apr-12
Apr-13
Mar-14
vs. Last
Year (%)
Month
Med. Sales $
Apr-11
$110,000
Apr-12
$104,000
-5.45
Apr-13
$115,000
10.58
Mar-14
$110,300
Apr-14
$115,000
Annual 12
Annual 13
$105,000
$109,900
Apr-14
vs. Last
Month (%)
4.26
4.67
Month's Inventory
14.00
12.00
300
10.00
8.00
200
6.00
4.00
100
2.00
0
0.00
Apr-11
Apr-12
Apr-13
Mar-14
Month
# Sales
vs. Last Year
(%)
Apr-11
293
Apr-12
303
Apr-13
357
Mar-14
344
Apr-14
337
Annual 12
3476
Annual 13
3913
Apr-14
Apr-11
vs. Last
Month (%)
Apr-12
Apr-13
Mar-14
Month
Month's
Inventory
Apr-11
12.20
3.41
Apr-12
10.20
-16.39
17.82
Apr-13
8.59
-15.78
Mar-14
8.14
Apr-14
8.24
Annual 12
10.81
Annual 13
9.44
-2.03
12.57
vs. Last
Year (%)
Apr-14
vs. Last
Month (%)
1.23
-12.67
0-$99,999
$100,000$149,999
$150,000$199,999
$200,000$299,999
$300,000$499,999
Apr-11
131
74
37
30
18
3
Apr-12
145
72
42
31
8
5
Apr-13
158
69
48
63
17
2
Mar-14
155
77
47
45
11
9
Apr-14
142
76
57
46
10
6
Ann. 12
1664
794
496
364
106
52
Ann. 13
1808
887
515
486
180
37
Number
Month
Over $500K
Price Range of Sales
180
160
140
120
100
80
60
40
20
0
Apr-11
Apr-12
Apr-13
Mar-14
Apr-14