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 May, 2013
Mobile County Residential Market
Prices: For the month of May, 2013, the average sales price increased from $131,615 in April to $134,554, a 2.23 percent
change. The median sales price increased from $115,000 to $119,000 in the same period, showing an increase by 3.48
percent.
Sales: The number of sales in May increased by 12.32 percent from March, having a total of 401 sales. Compared to May,
2012, total sales increased by 15.90 percent, or from 346 sales to 401 sales in May, 2013.
Volume: Of the 401 total sales, 325 sales were under $200,000, representing 81.05 percent of the entire market. Of the
325 sales that were under $200,000, 31.08 percent of those sales occurred in the $100,000-$149,999 range. Sales in the
$150,000-$199,999 range increased by 10.42 percent, or from 48 to 53 sales. Compared to May, 2012, sales in the
$300,000-$499,999 range increased by 70.00 percent, or from 10 sales to 17 sales in May, 2013.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties in May decreased
by 10.71 percent, or from 8.31 in April to 7.42. Compared to May, 2012, the month’s inventory decreased by 18.91
percent, or from 9.15 to 7.42 in May, 2013.
U.S.: The U.S. market in March showed a 27.3 percent increase in sales from February. Average sales price increased
from $220,900 to $233,100, a 5.5 percent change. Median sales price increased by 6.2 percent, or from $173,200 to
$183,900. The inventory month’s supply increased by 2.2 percent. Compared to March, 2012, inventory month’s supply
decreased by 24.2 percent, or from 6.2 to 4.7.
Overall Analysis: For May, the Mobile housing market showed increases in sales and sales price since April. Inventory
month’s supply continues to decrease from the previous month and years. Overall, the U.S. and Mobile markets show
optimistic prospects as higher-priced sales continue to increase.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months Supply
Mar-12
360,000
$212,100
$164,800
6.2
Feb-13
304,000
$220,900
$173,200
4.6
Mar-13
387,000
$233,100
$183,900
4.7
Vs. Last
Month (%)
27.3
5.5
6.2
2.2
Vs. Last
Year (%)
7.5
9.9
11.6
-24.2
Median Sales Price
$190,000
$180,000
$170,000
$160,000
$150,000
Mar-12
Feb-13
Mar-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.
May 2013 Mobile County Single-Family Residential Report
Average Sales Price
$140,000
$138,000
$136,000
$134,000
$132,000
$130,000
$128,000
May-10
May-11
May-12
Month
Avg. Sales
$
May-10
$137,596
May-11
$132,959
-3.37
May-12
$131,601
-1.02
Apr-13
$131,615
May-13
$134,554
Annual 11
Annual 12
$121,901
$126,182
Apr-13
vs. Last Year
(%)
May-13
May-10
vs. Last
Month (%)
2.23
3.51
Number of Sales
500
Median Sales Price
$122,000
$120,000
$118,000
$116,000
$114,000
$112,000
$110,000
$108,000
$106,000
$104,000
May-11
May-12
Apr-13
vs. Last
Year (%)
Month
Med. Sales $
May-10
$120,300
May-11
$110,000
-8.56
May-12
$115,000
4.55
Apr-13
$115,000
May-13
$119,000
Annual 11
Annual 12
$104,450
$105,000
May-13
vs. Last
Month (%)
3.48
0.53
Month's Inventory
14.00
12.00
400
10.00
300
8.00
200
6.00
4.00
100
2.00
0
0.00
May-10
May-11
Month
# Sales
May-10
374
May-11
306
May-12
346
Apr-13
357
May-13
401
Annual 11
3397
Annual 12
3476
May-12
Apr-13
vs. Last Year
(%)
May-13
May-10
vs. Last
Month (%)
May-11
May-12
Apr-13
Month
Month's
Inventory
May-10
10.93
-18.18
May-11
11.72
7.23
13.07
May-12
9.15
-21.93
12.32
2.33
Apr-13
8.31
May-13
7.42
Annual 11
12.37
Annual 12
10.73
vs. Last
Year (%)
May-13
vs. Last
Month (%)
-10.71
-13.26
58
6
4
37
16
5
54
34
10
8
69
48
63
17
2
171
101
53
56
17
3
Ann. 11
1652
790
448
344
124
39
Ann. 12
1664
794
496
364
106
52
Month
0-$99,999
$100,000$149,999
$150,000$199,999
$200,000$299,999
May-10
134
112
60
May-11
138
70
40
May-12
158
82
Apr-13
158
May-13
Number
$300,000$499,999
Over $500K
Price Range of Sales
180
160
140
120
100
80
60
40
20
0
May-10
May-11
May-12
Apr-13
May-13