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 February, 2014
Mobile County Residential Market
Prices: For the month of February, 2014, the average sales price increased from $121,033 in January to $121,679, a 0.53
percent change. The median sales price increased from $97,000 to $105,500 in the same period, or by 8.76 percent.
Sales: The number of sales in February increased by 11.52 percent from January, having a total of 271 sales. Compared to
last year, total sales decreased by 4.58 percent, or from 284 to 271 sales.
Volume: Of the 271 total sales, 232 sales were under $200,000, representing 85.61 percent of the entire market. In
February, 2013, sales under $200,000 represented 84.59 percent of total sales. Compared to February, 2013, sales in the
$200,000-$299,999 range decreased by 22.58 percent, or from 31 to 24 sales. In the same time period, sales in the
$300,000-$499,999 range increased by 27.27 percent, or from 11 sales to 14 sales in February, 2014.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties in February
decreased by 11.02 percent, or from 11.43 in January to 10.17 in February. Compared to last year, the month’s inventory
decreased by 2.96 percent, or from 10.48 to 10.17 in February, 2014.
U.S.: The U.S. market in December showed a 6.9 percent increase in sales from November. Average sales price increased
from $243,600 to $246,700, a 1.3 percent change. Median sales price increased by 1.1 percent, or from $195,500 to
$197,700. Inventory month’s supply decreased from 5.1 to 4.6, a 9.8 percent change. Compared to December, 2012,
median sales price increased by 9.7 percent, or from $180,200 to $197,700.
Overall Analysis: For February, the Mobile housing market showed increases in average sales price, median sales price
and number of sales since January. Per the latest national housing statistics, the U.S. market in December showed an
increase in sales, average sales price, and median sales price while inventory month’s supply decreased.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months Supply
Median Sales Price
$200,000
Dec-12
374,000
$230,600
$180,200
4.5
$195,000
Nov-13
362,000
$243,600
$195,500
5.1
$190,000
Dec-13
387,000
$246,700
$197,700
4.6
$185,000
$180,000
Vs. Last
Month (%)
6.9
1.3
1.1
-9.8
$175,000
Vs. Last
Year (%)
3.5
7.0
9.7
2.2
$170,000
Dec-12
Nov-13
Dec-13
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.
$200,000
Report by: Andrea Justiniano, Research Associate
$195,000
For additional information: Dr. Don Epley, Director, Center for Real Estate
and Economic Development, Mitchell College of
$190,000
Business, University of South Alabama, Office: 251.460.6735, E-mail: depley@southalabama.edu.
$185,000
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
$180,000
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
$175,000
privately owned rights. Reference to any specific commercial product, process, or service does not
constitute an endorsement, recommendation, or favoring by USA.
$170,000
Nov-12
Oct-13
Nov-13
Median Sales Price
February 2014 Mobile County Single-Family Residential Report
Average Sales Price
$124,000
$122,000
$100,000
$120,000
$80,000
$118,000
$60,000
$116,000
$40,000
$114,000
$20,000
$112,000
Feb-11
Feb-12
Feb-13
Month
Avg. Sales
$
Feb-11
$121,614
Feb-12
$118,805
-2.31
Feb-13
$115,946
-2.41
Jan-14
$121,033
Feb-14
$121,679
Annual 12
Annual 13
$126,183
$129,145
Jan-14
vs. Last Year
(%)
$0
Feb-14
Feb-11
vs. Last
Month (%)
0.53
2.35
Number of Sales
300
Median Sales Price
$120,000
Feb-12
Feb-13
Jan-14
vs. Last
Year (%)
Month
Med. Sales $
Feb-11
$110,100
Feb-12
$81,750
-25.75
Feb-13
$91,900
12.42
Jan-14
$97,000
Feb-14
$105,500
Annual 12
Annual 13
$105,000
$109,900
Feb-14
vs. Last
Month (%)
8.76
4.67
Month's Inventory
15.00
280
10.00
260
240
5.00
220
200
0.00
Feb-11
Feb-12
Feb-13
Jan-14
Feb-14
Month
# Sales
vs. Last Year
(%)
Feb-11
240
Feb-12
239
-0.42
Feb-12
9.05
-36.31
Feb-13
284
18.83
Feb-13
10.48
15.80
Jan-14
243
Jan-14
11.43
Feb-14
271
Feb-14
10.17
Annual 12
3476
Annual 12
10.79
Annual 13
3913
Annual 13
9.4
Feb-11
vs. Last
Month (%)
11.52
12.57
Feb-12
Feb-13
Month
Month's
Inventory
Feb-11
14.21
Jan-14
vs. Last
Year (%)
Feb-14
vs. Last
Month (%)
-11.02
-12.88
0-$99,999
$100,000$149,999
$150,000$199,999
$200,000$299,999
$300,000$499,999
Feb-11
116
51
43
21
6
3
Feb-12
139
35
28
27
5
5
Feb-13
154
50
36
31
11
2
Jan-14
126
46
29
26
16
0
Feb-14
126
62
44
24
14
1
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
Feb-11
Feb-12
Feb-13
Jan-14
Feb-14