Mobile Single-Family Real Estate
Center for Real Estate and Economic Development
Mobile Area Multi-List
Go to: http://cres.southalabama.edu for more data
Month of October, 2013
Mobile County Residential Market
Prices: For the month of October, 2013, the average sales price decreased from $133,699 in September to $123,179, a
7.87 percent change. The median sales price decreased from $112,000 to $99,900 in the same period, showing a 10.8
percent decrease.
Sales: The number of sales in October decreased by 10.94 percent from September, having a total of 293 sales. Compared
to October, 2012, total sales increased by 0.6 percent, or from 291 sales to 293 sales in October, 2013.
Volume: Of the 293 total sales, 243 sales were under $200,000, representing 82.94 percent of the entire market. Of the
243 sales that were under $200,000, 60.9 percent of those sales occurred in the $0-$99,999 range. Compared to October,
2012, sales in the $300,000-$499,999 range increased by 44.44 percent, or from 9 to 13 sales. In the same time period,
sales in the $200,000-$299,999 range increased by 2.94 percent, or from 34 sales to 35 sales in October, 2013.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties in October
increased by 10.23 percent, or from 9.48 in September to 10.45. Compared to October, 2012, the month’s inventory
decreased by 1.97 percent, or from 10.66 to 10.45 in October, 2013.
U.S.: The U.S. market in August showed a 0.2 percent decrease in sales from July. Average sales price decreased from
$259,000 to $256,600, a 0.9 percent change. Median sales price decreased by 1.3 percent, or from $212,400 to $209,700.
The inventory month’s supply decreased by 2.0 percent. Compared to August 2012, inventory month’s supply decreased
by 18.3 percent, or from 6.0 to 4.9.
Overall Analysis: For October 2013, the Mobile housing market showed decreases in sales, average sales price, and
median sales price since September. However, sales have increased compared to October, 2012. Months-to-sell inventory
increased from last month. The U.S. market in August showed decreases in sales price and in inventory month’s supply,
and a decrease in total sales.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Month's
Supply
$220,000
Median Sales Price
Aug-12
476,000
$233,100
$184,900
6.0
$210,000
Jul-13
519,000
$259,000
$212,400
5.0
$200,000
Aug-13
518,000
$256,600
$209,700
4.9
$190,000
Vs. Last
Month (%)
-0.2
-0.9
-1.3
-2.0
Vs. Last
Year (%)
8.8
10.1
13.4
-18.3
$180,000
$170,000
Aug-12
Jul-13
Aug-13
Data Sources: All data taken from the Mobile Area Association of Realtors, Jeff Newman, Office: 251.479.8654; and the National
Association of Realtors, www.realtor.org.
Report by: Andrea Justiniano, 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.
October 2013 Mobile County Single-Family Residential Report
Average Sales Price
$160,000
Median Sales Price
$120,000
$140,000
$100,000
$120,000
$100,000
$80,000
$80,000
$60,000
$60,000
$40,000
$40,000
$20,000
$20,000
$0
Oct-10
Oct-11
Oct-12
Month
Avg. Sales
$
Oct-10
$129,357
Oct-11
$109,866
-15.07
Oct-12
$126,095
14.77
Sep-13
$133,699
Oct-13
$123,179
Annual 11
Annual 12
$121,901
$126,182
Sep-13
vs. Last Year
(%)
$0
Oct-13
Oct-10
vs. Last
Month (%)
-7.87
3.51
Number of Sales
350
Oct-11
Oct-12
Sep-13
vs. Last
Year (%)
Month
Med. Sales $
Oct-10
$106,900
Oct-11
$89,450
-16.32
Oct-12
$105,000
17.38
Sep-13
$112,000
Oct-13
$99,900
Annual 11
Annual 12
$104,450
$105,000
Oct-13
vs. Last
Month (%)
-10.80
0.53
Month's Inventory
20.00
300
15.00
250
200
10.00
150
100
5.00
50
0
0.00
Oct-10
Oct-11
Oct-12
Sep-13
Month
# Sales
vs. Last Year
(%)
Oct-10
237
Oct-11
276
Oct-12
291
Sep-13
329
Oct-13
293
Annual 11
3397
Annual 12
3476
Oct-13
Oct-10
vs. Last
Month (%)
Oct-11
Oct-12
Sep-13
Month
Month's
Inventory
Oct-10
16.64
16.46
Oct-11
12.67
-23.86
5.43
Oct-12
10.66
-15.86
Sep-13
9.48
Oct-13
10.45
Annual 11
12.37
Annual 12
10.74
-10.94
2.33
vs. Last
Year (%)
Oct-13
vs. Last
Month (%)
10.23
-13.18
0-$99,999
$100,000$149,999
$150,000$199,999
$200,000$299,999
$300,000$499,999
Oct-10
111
51
35
25
13
2
Oct-11
151
57
36
22
9
1
Oct-12
138
65
41
34
9
4
Sep-13
140
82
37
48
20
2
Oct-13
148
61
34
35
13
2
Ann. 11
1652
790
448
344
124
39
Ann. 12
1664
794
496
364
106
52
Number
Month
Over $500K
Price Range of Sales
160
140
120
100
80
60
40
20
0
Oct-10
Oct-11
Oct-12
Sep-13
Oct-13