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 November, 2013
Mobile County Residential Market
Prices: For the month of November, 2013, the average sales price increased from $123,910 in October to $128,973, a
4.09 percent change. The median sales price increased from $99,900 to $112,750 in the same period, or by 12.86 percent.
Sales: The number of sales in November decreased by 15.54 percent from October, having a total of 250 sales. Compared
to last year, total sales decreased by 2.34 percent, or from 256 to 250 sales.
Volume: Of the 250 total sales, 204 sales were under $200,000, representing 81.60 percent of the entire market. In
November, 2012, sales under $200,000 represented 85.16 percent of total sales. Compared to November, 2012, sales in
the $200,000-$299,999 range increased by 23.08 percent, or from 26 to 32 sales. In the same time period, sales in the
$300,000-$499,999 range increased by 37.50 percent, or from 8 sales to 11 sales in November, 2013.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties in November
increased by 14.50 percent, or from 10.48 in October to 12.00. Compared to last year, the month’s inventory decreased by
0.33 percent, or from 12.04 to 12.00 in November, 2013.
U.S.: The U.S. market in September showed a 17.6 percent decrease in sales from August. Average sales price decreased
from $256,600 to $246,300, a 4.0 percent change. Median sales price decreased by 5.3 percent, or from $209,700 to
$198,500. There was no change in inventory month’s supply. Compared to September, 2012, inventory month’s supply
decreased by 9.3 percent, or from 5.4 to 4.9.
Overall Analysis: For November, the Mobile housing market showed increases in sales price and month’s inventory
since October. Compared to last year, sales and average sales price decreased while median sales price and month’s
inventory decreased. The U.S. market in September showed a decrease in sales and sales price and an increase in sales
inventory month’s supply.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months Supply
Sep-12
372,000
$226,600
$178,300
5.4
Aug-13
518,000
$256,600
$209,700
4.9
Sep-13
427,000
$246,300
$198,500
4.9
Vs. Last
Month (%)
-17.6
-4.0
-5.3
0.0
Vs. Last
Year (%)
14.8
8.7
11.3
-9.3
Median Sales Price
$220,000
$210,000
$200,000
$190,000
$180,000
$170,000
$160,000
Sep-12
Aug-13
Sep-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.
November 2013 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
Nov-10
Nov-11
Nov-12
Month
Avg. Sales
$
Nov-10
$137,401
Nov-11
$111,620
-18.76
Nov-12
$135,213
21.14
Oct-13
$123,910
Nov-13
$128,973
Annual 11
Annual 12
$121,901
$126,183
Oct-13
vs. Last Year
(%)
$0
Nov-13
Nov-10
vs. Last
Month (%)
4.09
3.51
Number of Sales
350
Nov-11
Nov-12
Oct-13
vs. Last
Year (%)
Month
Med. Sales $
Nov-10
$125,000
Nov-11
$91,750
-26.60
Nov-12
$111,250
21.25
Oct-13
$99,900
Nov-13
$112,750
Annual 11
Annual 12
$104,450
$105,000
Nov-13
vs. Last
Month (%)
12.86
0.53
Month's Inventory
20.00
300
15.00
250
200
10.00
150
100
5.00
50
0
0.00
Nov-10
Nov-11
Month
# Sales
Nov-10
245
Nov-11
262
Nov-12
256
Oct-13
296
Nov-13
250
Annual 11
3397
Annual 12
3476
Nov-12
Oct-13
vs. Last Year
(%)
Nov-13
Nov-10
vs. Last
Month (%)
Nov-11
Nov-12
Oct-13
Month
Month's
Inventory
Nov-10
15.39
6.94
Nov-11
13.00
-15.53
-2.29
Nov-12
12.04
-7.38
Oct-13
10.48
Nov-13
12.00
Annual 11
12.40
Annual 12
10.79
-15.54
2.33
vs. Last
Year (%)
Nov-13
vs. Last
Month (%)
14.50
-12.98
$100,000$149,999
$150,000$199,999
$200,000$299,999
$300,000$499,999
Nov-10
97
69
42
24
9
4
Nov-11
139
60
33
23
4
3
Nov-12
115
65
38
26
8
4
Oct-13
149
62
34
35
14
2
Nov-13
114
59
31
32
11
3
Ann. 11
1652
790
448
344
124
39
Ann. 12
1664
794
496
364
106
52
Month
Number
0-$99,999
Over $500K
Price Range of Sales
160
140
120
100
80
60
40
20
0
Nov-10
Nov-11
Nov-12
Oct-13
Nov-13