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 February, 2013
Mobile County Residential Market
Prices: For the month of February, 2013, the average sales price increased from $114,201 in January to $116,367, a 1.90
percent change. The median sales price decreased from $92,750 to $91,800 in the same period, showing a decrease by
1.02 percent.
Sales: The number of sales in February increased by 15.16 percent from January, having 281 sales. Compared to
February, 2012, total sales increased by 17.57 percent, or from 239 sales to 281 sales in February, 2013.
Volume: Of the 281 total sales, 237 sales were under $200,000, representing 84.34 percent of the entire market. Of the
237 sales that were under $200,000, 64.14 percent of those sales occurred in the $0-$99,999 range. Sales in the $200,000$299,999 range increased by 82.35 percent, or from 17 to 31 sales in February, 2013. Compared to February, 2012, sales
in the $300,000-$499,999 range increased by 120.00 percent, or from 5 sales to 11 sales in February, 2013.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties in February
decreased by 11.90 percent, or from 11.51 in January to 10.14. Compared to February, 2012, the month’s inventory
decreased by 22.36 percent, or from 13.06 to 10.14 in February, 2013.
U.S.: The U.S. market in December showed a 2.9 percent decrease in sales from November. The average sales price
increased from $227,900 to $230,600, a 1.2 percent change. The median sales price also increased by 0.4 percent, or from
$179,400 to $180,200. The inventory month’s supply decreased by 6.3 percent. Compared to December, 2011, inventory
month’s supply decreased by 29.7 percent, or from 6.4 to 4.5.
Overall Analysis: For February, the Mobile housing market showed increases in number of sales and average sales price
since January. Most residential properties sold under $200,000, with the highest percentage of sales occurring in the $0$99,999 range.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months Supply
Dec-11
349,000
$209,500
$162,200
6.4
Nov-12
385,000
$227,900
$179,400
4.8
Dec-12
374,000
$230,600
$180,200
4.5
Vs. Last
Month (%)
-2.9
1.2
0.4
-6.3
Vs. Last
Year (%)
7.2
10.1
11.1
-29.7
Median Sales Price
$185,000
$180,000
$175,000
$170,000
$165,000
$160,000
$155,000
$150,000
Dec-11
Nov-12
Dec-12
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.
February 2013 Mobile County Single-Family Residential Report
Average Sales Price
$135,000
$130,000
$120,000
$125,000
$100,000
$120,000
$80,000
$115,000
$60,000
$110,000
$40,000
$105,000
$20,000
$100,000
Feb-10
Feb-11
Feb-12
Month
Avg. Sales
$
Feb-10
$133,120
Feb-11
$121,614
-8.64
Feb-12
$118,805
-2.31
Jan-13
$114,201
Feb-13
$116,367
Annual 11
Annual 12
$121,901
$126,232
Jan-13
vs. Last Year
(%)
$0
Feb-13
Feb-10
vs. Last
Month (%)
3.55
Feb-11
Feb-12
Jan-13
vs. Last
Year (%)
Month
Med. Sales $
Feb-10
$120,000
Feb-11
$110,100
-8.25
Feb-12
$81,750
-25.75
Jan-13
$92,750
Feb-13
$91,800
Annual 11
Annual 12
$104,450
$105,000
1.90
Number of Sales
290
280
270
260
250
240
230
220
210
Median Sales Price
$140,000
Feb-13
vs. Last
Month (%)
-1.02
0.53
Month's Inventory
20.00
15.00
10.00
5.00
0.00
Feb-10
Feb-11
Feb-12
Jan-13
Feb-13
Month
# Sales
vs. Last Year
(%)
Feb-10
237
Feb-11
240
1.27
Feb-11
14.19
-12.78
Feb-12
239
-0.42
Feb-12
13.06
-7.96
Jan-13
244
Jan-13
11.51
Feb-13
281
Feb-13
10.14
Annual 11
3397
Annual 11
12.37
Annual 12
3474
Annual 12
10.69
Feb-10
vs. Last
Month (%)
15.16
2.27
Feb-11
Feb-12
Month
Month's
Inventory
Feb-10
16.27
Jan-13
vs. Last
Year (%)
Feb-13
vs. Last
Month (%)
-11.90
-13.58
$100,000$149,999
$150,000$199,999
$200,000$299,999
$300,000$499,999
Feb-10
91
72
27
39
6
2
Feb-11
116
51
43
21
6
3
Feb-12
139
35
28
27
5
5
Jan-13
129
49
40
17
6
3
Feb-13
152
49
36
31
11
2
Ann. 11
1652
790
448
344
124
39
Ann. 12
1662
794
496
364
106
52
Month
Number
0-$99,999
Over $500K
Price Range of Sales
160
140
120
100
80
60
40
20
0
Feb-10
Feb-11
Feb-12
Jan-13
Feb-13