Prices: For the month of September, 2013, the average sales price increased from $133,450 in August to $134,523, a 0.80 percent change. The median sales price decreased from $119,000 to $112,000 in the same period, or by 5.88 percent.
Sales: The number of sales in September decreased by 8.45 percent from August, having a total of 325 sales. Compared to
September, 2012, total sales increased by 10.17 percent, or from 295 to 325 sales in September, 2013.
Volume: Of the 325 total sales, 255 sales were under $200,000, representing 78.46 percent of the entire market. In
September, 2012, sales under $200,000 represented 83.39 percent of total sales. Compared to September, 2012, sales in the $200,000-$299,999 range increased by 37.14 percent, or from 35 to 48 sales. In the same time period, sales in the
$300,000-$499,999 range increased by 100.00 percent, or from 10 sales to 20 sales in September, 2013.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties in September increased by 7.85 percent, or from 8.79 in August to 9.48. Compared to September, 2012, the month’s inventory decreased by 10.48 percent, or from 10.59 to 9.48 in September, 2013.
U.S.: The U.S. market in July showed a 3.8 percent increase in sales from June. Average sales price decreased from
$261,000 to $259,000, a 0.8 percent change. Median sales price decreased by 0.7 percent, or from $214,000 to $212,400.
The inventory month’s supply decreased by 2.0 percent. Compared to July, 2012, inventory month’s supply decreased by
20.6 percent, or from 6.3 to 5.0.
Overall Analysis: For September, the Mobile housing market showed increases in average sales price and month’s inventory since August. Compared to the last year, sales and average sales price increased while median sales price and month’s inventory decreased. The U.S. market in July showed an increase in sales, and decreases in sales price and inventory month’s supply.
Time Sales
Average
Sales Price
Median Sales
Price
Inventory
Months Supply
$220,000
Jul-12 430,000 $236,100 $187,800 6.3
$210,000
Jun-13 500,000 $261,000 $214,000 5.1
$200,000
Jul-13 519,000 $259,000 $212,400 5.0
$190,000
Vs. Last
Month (%)
3.8 -0.8 -0.7 -2.0
$180,000
Vs. Last
Year (%)
20.7 9.7 13.1 -20.6
$170,000
Jul-12 Jun-13 Jul-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 : 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.

Average Sales Price
$140,000
$135,000
$130,000
$125,000
$120,000
$115,000
$110,000
$105,000
$100,000
Sep-10 Sep-11 Sep-12 Aug-13 Sep-13
Month
Avg. Sales
$
$124,691 Sep-10
Sep-11
Sep-12
Aug-13
Sep-13
$113,809
$131,537
$133,450
$134,523
Annual 11 $121,901
Annual 12 $126,183 vs. Last Year
(%)
-8.73
15.58
3.51
vs. Last
Month (%)
0.80
Median Sales Price
$140,000
$120,000
$100,000
$80,000
$60,000
$40,000
$20,000
$0
Sep-10 Sep-11 Sep-12 Aug-13 Sep-13
Month
Sep-10
Sep-11
Sep-12
Aug-13
Sep-13
Annual 11
Annual 12
Med. Sales $
$113,750
$95,000
$116,000
$119,000
$112,000
$104,450
$105,000 vs. Last
Year (%) vs. Last
Month (%)
-16.48
22.11
0.53
-5.88
400
300
200
100
0
Number of Sales Month's Inventory
20.00
15.00
10.00
5.00
0.00
Sep-10 Sep-11 Sep-12 Aug-13 Sep-13 Sep-10 Sep-11 Sep-12 Aug-13 Sep-13
Sep-10
Sep-11
Sep-12
Aug-13
Sep-13
Ann. 11
Ann. 12
Month
Sep-10
Sep-11
Sep-12
Aug-13
Sep-13
Annual 11
Annual 12
# Sales
266
301
295
355
325
3397
3476 vs. Last Year
(%) vs. Last
Month (%)
13.16
-1.99
2.33
-8.45
Month 0-$99,999
$100,000-
$149,999
118
157
131
145
137
1652
1664
64
64
64
89
81
790
794
$150,000-
$199,999
44
45
51
53
37
448
496
$200,000-
$299,999
$300,000-
$499,999
29
23
35
52
48
344
364
9
7
10
13
20
124
106
2
5
4
3
2
39
52
180
160
140
120
100
80
60
40
20
0
Month
Sep-10
Sep-11
Sep-12
Aug-13
Sep-13
Annual 11
Annual 12
Month's
Inventory
15.24
11.82
10.59
8.79
9.48
12.39
10.78
vs. Last
Year (%) vs. Last
Month (%)
-22.44
-10.41
-12.99
7.85
Sep-10 Sep-11 Sep-12 Aug-13 Sep-13