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 January, 2014
Mobile County Residential Market
Prices: For the month of January, 2014, the average sales price decreased from $137,528 in December to $120,122, a
12.66 percent change. The median sales price decreased from $107,500 to $97,000 in the same period, or by 9.77 percent.
Sales: The number of sales in January decreased by 17.18 percent from December, having a total of 241 sales. Compared
to last year, total sales decreased by 2.03 percent, or from 246 to 241 sales.
Volume: Of the 241 total sales, 200 sales were under $200,000, representing 82.99 percent of the entire market. In
January, 2013, sales under $200,000 represented 89.43 percent of total sales. Compared to January, 2013, sales in the
$200,000-$299,999 range increased by 47.06 percent, or from 17 to 25 sales. In the same time period, sales in the
$300,000-$499,999 range increased by 166.67 percent, or from 6 sales to 16 sales in January, 2014.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties in January
increased by 14.04 percent, or from 9.97 in December to 11.37 in January. Compared to last year, the month’s inventory
decreased by 3.32 percent, or from 11.76 to 11.37 in January, 2014.
U.S.: The U.S. market in November showed a 14.6 percent decrease in sales from October. Average sales price decreased
from $245,000 to $243,600, a 0.6 percent change. Median sales price decreased by 1.0 percent, or from $197,500 to
$195,500. Inventory month’s supply increased from 4.9 to 5.1, a 4.1 percent change. Compared to November, 2012,
median sales price increased by 9.0 percent, or from $179,400 to $195,500.
Overall Analysis: For January, the Mobile housing market showed decreases in average sales price, median sales price
and number of sales since December. However, all sales indicators improved since January, 2013, despite a slight
decrease in number of sales. Per the latest national housing statistics, the U.S. market in November showed a decrease in
sales, average sales price, and median sales price while inventory month’s supply increased.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months Supply
Nov-12
385,000
$227,900
$179,400
4.8
Oct-13
424,000
$245,000
$197,500
4.9
Nov-13
362,000
$243,600
$195,500
5.1
Vs. Last
Month (%)
-14.6
-0.6
-1.0
4.1
Vs. Last
Year (%)
-6.0
6.9
9.0
6.3
Median Sales Price
$200,000
$195,000
$190,000
$185,000
$180,000
$175,000
$170,000
Nov-12
Oct-13
Nov-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.
Report by: Michelle Pinochet, Senior Research Analyst
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.
January 2014 Mobile County Single-Family Residential Report
Average Sales Price
$160,000
Median Sales Price
$110,000
$140,000
$105,000
$120,000
$100,000
$100,000
$80,000
$95,000
$60,000
$90,000
$40,000
$85,000
$20,000
$0
Jan-11
Jan-12
Jan-13
Dec-13
Jan-11
vs. Last
Month (%)
Jan-12
Month
Avg. Sales
$
Jan-11
$124,416
Jan-12
$121,611
-2.25
Jan-13
$113,935
-6.31
Jan-13
Dec-13
$137,528
Dec-13
$107,500
Jan-14
$120,122
Jan-14
$97,000
Annual 12
Annual 13
$126,183
Annual 12
Annual 13
$105,000
$109,900
$129,145
vs. Last Year
(%)
$80,000
Jan-14
-12.66
2.35
Number of Sales
350
Jan-13
Dec-13
vs. Last
Year (%)
Month
Med. Sales $
Jan-11
$100,000
Jan-12
$92,050
-7.95
$92,750
0.76
Jan-14
vs. Last
Month (%)
-9.77
4.67
Month's Inventory
20.00
300
15.00
250
200
10.00
150
100
5.00
50
0
0.00
Jan-11
Jan-12
Jan-13
Dec-13
Month
# Sales
vs. Last Year
(%)
Jan-11
205
Jan-12
258
Jan-13
246
Dec-13
291
Jan-14
241
Annual 12
3476
Annual 13
3913
Jan-14
Jan-11
vs. Last
Month (%)
Jan-12
Jan-13
Dec-13
Month
Month's
Inventory
Jan-11
16.87
25.85
Jan-12
12.11
-28.22
-4.65
Jan-13
11.76
-2.89
Dec-13
9.97
Jan-14
11.37
Annual 12
10.79
Annual 13
9.4
-17.18
12.57
vs. Last
Year (%)
Jan-14
vs. Last
Month (%)
14.04
-12.88
0-$99,999
$100,000$149,999
$150,000$199,999
$200,000$299,999
$300,000$499,999
Jan-11
102
40
33
19
9
2
Jan-12
137
57
33
17
8
6
Jan-13
130
50
40
17
6
3
Dec-13
139
55
42
28
21
6
Jan-14
126
46
28
25
16
0
Ann. 12
1664
794
496
364
106
52
Ann. 13
1808
887
515
486
180
37
Number
Month
Over $500K
Price Range of Sales
160
140
120
100
80
60
40
20
0
Jan-11
Jan-12
Jan-13
Dec-13
Jan-14