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 March, 2013
Mobile County Residential Market
Prices: For the month of March, 2013, the average sales price increased from $115,946 in February to $123,860, a 6.60
percent change. The median sales price increased from $91,900 to $100,000 in the same period, showing an increase by
8.81 percent.
Sales: The number of sales in March increased by 25.70 percent since February, having 357 sales. Compared to March,
2012, total sales increased by 5.00 percent, or from 340 sales to 357 sales in March, 2013.
Volume: Of the 357 total sales, 300 sales were under $200,000, representing 84.03 percent of the entire market. Of the
300 sales that were under $200,000, 59.00 percent of those sales occurred in the $0-$99,999 range. Sales in the $100,000$149,999 range increased by 68.00 percent, or from 50 to 84 sales in March, 2013. Compared to March, 2012, sales in the
$200,000-$299,999 range increased by 78.26 percent, or from 23 sales to 41 sales in March, 2013.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties in March decreased
by 19.39 percent, or from 10.21 in February to 8.23. Compared to March, 2012, the month’s inventory decreased by 8.66
percent, or from 9.01 to 8.23 in March, 2013.
U.S.: The U.S. market in January showed a 22.2 percent decrease in sales from December. The average sales price
decreased from $230,600 to $218,300, a 5.3 percent change. The median sales price also decreased by 5.3 percent, or
from $180,200 to $170,600. The inventory month’s supply decreased by 4.4 percent. Compared to January, 2012,
inventory month’s supply decreased by 30.6 percent, or from 6.2 to 4.3.
Overall Analysis: For March, the Mobile housing market showed increases in number of sales and sales price since
February. Month’s inventory decreased by 19.39 percent. Compared to the previous year, there were more higher-priced
sales in March, 2013. Sales increased by 78.26 percent in the $200,000-$299,999 range since March, 2012.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months Supply
Median Sales Price
$190,000
Jan-12
260,000
$200,900
$154,600
6.2
$180,000
Dec-12
374,000
$230,600
$180,200
4.5
$170,000
Jan-13
291,000
$218,300
$170,600
4.3
$160,000
Vs. Last
Month (%)
-22.2
-5.3
-5.3
-4.4
$150,000
-30.6
$140,000
Jan-12
Vs. Last
Year (%)
11.9
8.7
10.3
Dec-12
Jan-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@usouthal.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.
March 2013 Mobile County Single-Family Residential Report
Average Sales Price
$130,000
Median Sales Price
$140,000
$125,000
$120,000
$120,000
$100,000
$80,000
$115,000
$60,000
$110,000
$40,000
$105,000
$20,000
$100,000
$0
Mar-10
Mar-11
Mar-12
Month
Avg. Sales
$
Mar-10
$128,395
Mar-11
$119,907
-6.61
Mar-12
$111,243
-7.23
Feb-13
$115,946
Mar-13
$123,860
Annual 11
Annual 12
$121,901
$126,232
Feb-13
vs. Last Year
(%)
Mar-13
Mar-10
vs. Last
Month (%)
Number of Sales
400
Mar-12
Feb-13
vs. Last
Year (%)
Month
Med. Sales $
Mar-10
$119,200
Mar-11
$109,900
-7.80
Mar-12
$93,250
-15.15
Feb-13
$91,900
Mar-13
$100,000
Annual 11
Annual 12
$104,450
$105,000
6.83
3.55
Mar-11
Mar-13
vs. Last
Month (%)
8.81
0.53
Month's Inventory
14.00
12.00
300
10.00
8.00
200
6.00
4.00
100
2.00
0.00
0
Mar-10
Mar-11
Mar-12
Feb-13
Month
# Sales
vs. Last Year
(%)
Mar-10
318
Mar-11
297
Mar-12
340
Feb-13
284
Mar-13
357
Annual 11
3397
Annual 12
3474
Mar-10
Mar-13
vs. Last
Month (%)
Mar-11
Month
Mar-12
Month's
Inventory
Feb-13
vs. Last
Year (%)
Mar-10
12.33
-6.60
Mar-11
11.71
-5.03
14.48
Mar-12
9.01
-23.06
Feb-13
10.21
Mar-13
8.23
Annual 11
12.37
Annual 12
10.72
25.70
2.27
Mar-13
vs. Last
Month (%)
-19.39
-13.34
0-$99,999
$100,000$149,999
$150,000$199,999
$200,000$299,999
$300,000$499,999
Mar-10
119
96
54
35
12
2
Mar-11
132
92
36
24
10
3
Mar-12
177
81
49
23
6
4
Feb-13
154
50
36
31
11
2
Mar-13
177
84
39
41
11
5
Ann. 11
1652
790
448
344
124
39
Ann. 12
1662
794
496
364
106
52
Number
Month
Over $500K
Price Range of Sales
200
180
160
140
120
100
80
60
40
20
0
Mar-10
Mar-11
Mar-12
Feb-13
Mar-13