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 June, 2013
Mobile County Residential Market
Prices: For the month of June, 2013, the average sales price decreased from $134,265 in May to $127,933, a 4.72 percent
change. The median sales price decreased from $119,450 to $114,000 in the same period, showing a decrease by 4.56
percent.
Sales: The number of sales in June decreased by 13.61 percent from May, having a total of 349 sales. Compared to June,
2012, total sales increased by 12.22 percent, or from 311 sales to 349 sales in June, 2013.
Volume: Of the 349 total sales, 288 sales were under $200,000, representing 82.52 percent of the entire market. Of the
288 sales that were under $200,000, 31.60 percent of those sales occurred in the $100,000-$149,999 range. Compared to
June, 2012, sales in the $150,000-$199,999 range increased by 10.26 percent, or from 39 to 43 sales. In the same time
period, sales in the $300,000-$499,999 range increased by 58.33 percent, or from 12 sales to 19 sales in June, 2013.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties in June increased
by 15.58 percent, or from 7.51 in May to 8.68. Compared to June, 2012, the month’s inventory decreased by 15.89
percent, or from 10.32 to 8.68 in June, 2013.
U.S.: The U.S. market in April showed a 17.3 percent increase in sales from March. Average sales price increased from
$233,100 to $241,700, a 3.7 percent change. Median sales price increased by 4.3 percent, or from $183,900 to $191,800.
The inventory month’s supply increased by 10.6 percent. Compared to April, 2012, inventory month’s supply decreased
by 21.2 percent, or from 6.6 to 5.2.
Overall Analysis: For June, the Mobile housing market showed decreases in sales and sales price since May. However,
sales increased compared to June, 2012. Months-to-sell inventory increased from last month, yet decreased from the
previous years. The U.S. market in April showed increases in sales, sales price, and inventory month’s supply.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months Supply
Apr-12
400,000
$221,700
$173,700
6.6
Mar-13
387,000
$233,100
$183,900
4.7
Apr-13
454,000
$241,700
$191,800
5.2
Vs. Last
Month (%)
17.3
3.7
4.3
10.6
Vs. Last
Year (%)
13.5
9.0
10.4
-21.2
Median Sales Price
$195,000
$190,000
$185,000
$180,000
$175,000
$170,000
$165,000
$160,000
Apr-12
Mar-13
Apr-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.
June 2013 Mobile County Single-Family Residential Report
Average Sales Price
$145,000
Median Sales Price
$135,000
$130,000
$140,000
$125,000
$135,000
$120,000
$115,000
$130,000
$110,000
$125,000
$105,000
$120,000
Jun-10
Jun-11
Jun-12
Month
Avg. Sales
$
Jun-10
$142,089
Jun-11
$133,473
-6.06
Jun-12
$128,990
-3.36
May-13
$134,265
Jun-13
$127,933
Annual 11
Annual 12
$121,901
$126,182
May-13
vs. Last Year
(%)
$100,000
Jun-13
Jun-10
vs. Last
Month (%)
-4.72
3.51
Number of Sales
500
Jun-11
Jun-12
May-13
vs. Last
Year (%)
Month
Med. Sales $
Jun-10
$129,900
Jun-11
$115,750
-10.89
Jun-12
$110,000
-4.97
May-13
$119,450
Jun-13
$114,000
Annual 11
Annual 12
$104,450
$105,000
Jun-13
vs. Last
Month (%)
-4.56
0.53
Month's Inventory
12.00
10.00
400
8.00
300
6.00
200
4.00
100
2.00
0
0.00
Jun-10
Jun-11
Jun-12
May-13
Month
# Sales
vs. Last Year
(%)
Jun-10
371
Jun-11
318
Jun-12
311
May-13
404
Jun-13
349
Annual 11
3397
Annual 12
3476
Jun-13
Jun-10
vs. Last
Month (%)
Jun-11
Jun-12
May-13
Month
Month's
Inventory
Jun-10
11.25
-14.29
Jun-11
11.24
-0.09
-2.20
Jun-12
10.32
-8.19
May-13
7.51
Jun-13
8.68
Annual 11
12.37
Annual 12
10.74
-13.61
2.33
vs. Last
Year (%)
Jun-13
vs. Last
Month (%)
15.58
-13.18
0-$99,999
$100,000$149,999
$150,000$199,999
$200,000$299,999
$300,000$499,999
Jun-10
127
96
69
58
19
2
Jun-11
138
78
39
49
9
5
Jun-12
143
73
39
40
12
4
May-13
172
102
54
56
17
3
Jun-13
154
91
43
41
19
1
Ann. 11
1652
790
448
344
124
39
Ann. 12
1664
794
496
364
106
52
Number
Month
Over $500K
Price Range of Sales
200
180
160
140
120
100
80
60
40
20
0
Jun-10
Jun-11
Jun-12
May-13
Jun-13