Mobile Single-Family Real Estate
Center for Real Estate Studies
Mobile Area Multi-List
Go to: http://cres.southalabama.edu for more data
Month of January, 2013
Mobile County Residential Market
Prices: For the month of January, 2013, the average sales price decreased from $131,189 in December to $114,259, a
12.91 percent change. The median sales price decreased from $110,900 to $92,750 in the same period, showing a
decrease by 16.37 percent.
Sales: The number of sales in January increased by 2.95 percent from December, having 244 sales. Compared to January,
2012, total sales decreased by 5.43 percent, or from 258 sales to 244 sales in January, 2013.
Volume: Of the 244 total sales, 218 sales were under $200,000, representing 89.34 percent of the entire market. Of the
218 sales that were under $200,000, 59.17 percent of those sales occurred in the $0-$99,000 range. Sales in the $200,000$299,999 range decreased by 32.00 percent, or from 25 to 17 sales in January, 2013. There were 3 sales that sold over
$500,000 in January, which is no change from the previous month.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties in January
decreased by 8.76 percent, or from 12.45 in December to 11.36. Compared to January, 2012, the month’s inventory
decreased by 5.80 percent, or from 12.06 to 11.36 in January, 2013.
U.S.: The U.S. market in November showed a 4.0 percent decrease in sales from October. The average sales price
increased from $224,500 to $227,900, a 1.5 percent change. The median sales price also increased by 1.4 percent, or from
$176,900 to $179,400. The inventory month’s supply decreased by 9.4 percent. Compared to November, 2011, inventory
month’s supply decreased by 32.4 percent, or from 7.1 to 4.8.
Overall Analysis: For January, the Mobile housing market showed decreases in average sales price and inventory
month’s supply since December. Compared to January sales in 2011, average sales price decreased by 6.05 percent and
month’s inventory decreased by 5.80 percent.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months Supply
Nov-11
335,000
$210,400
$164,000
7.1
Oct-12
401,000
$224,500
$176,900
5.3
Nov-12
385,000
$227,900
$179,400
4.8
Vs. Last
Month (%)
-4.0
1.5
1.4
-9.4
Vs. Last
Year (%)
14.9
8.3
9.4
-32.4
Median Sales Price
$185,000
$180,000
$175,000
$170,000
$165,000
$160,000
$155,000
Nov-11
Oct-12
Nov-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 Studies, 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.
January 2013 Mobile County Single-Family Residential Report
Average Sales Price
$135,000
$130,000
$100,000
$125,000
$80,000
$120,000
$60,000
$115,000
$40,000
$110,000
$20,000
$105,000
Jan-10
Month
Jan-11
Avg. Sales
$
Jan-12
Dec-12
vs. Last Year
(%)
Median Sales Price
$120,000
$0
Jan-13
Jan-10
vs. Last
Month (%)
Month
Jan-11
Jan-12
Med. Sales $
Dec-12
vs. Last
Year (%)
Jan-10
$130,838
Jan-10
$112,625
Jan-11
$124,416
-4.91
Jan-11
$100,000
-11.21
Jan-12
$121,611
-2.25
Jan-12
$92,050
-7.95
Dec-12
$131,189
Dec-12
$110,900
Jan-13
$114,259
Jan-13
$92,750
Annual 11
Annual 12
$121,901
Annual 11
Annual 12
$104,450
$105,000
$126,232
-12.91
3.55
Number of Sales
300
vs. Last
Month (%)
-16.37
0.53
Month's Inventory
25.00
250
Jan-13
20.00
200
15.00
150
10.00
100
5.00
50
0
0.00
Jan-10
Jan-11
Jan-12
Dec-12
Month
# Sales
vs. Last Year
(%)
Jan-10
184
Jan-11
205
Jan-12
258
Dec-12
237
Jan-13
244
Annual 11
3397
Annual 12
3474
Jan-13
Jan-10
vs. Last
Month (%)
Jan-11
Month
Jan-12
Month's
Inventory
Dec-12
vs. Last
Year (%)
Jan-10
20.01
11.41
Jan-11
16.84
-15.84
25.85
Jan-12
12.06
-28.38
Dec-12
12.45
Jan-13
11.36
Annual 11
12.37
Annual 12
10.67
2.95
2.27
Jan-13
vs. Last
Month (%)
-8.76
-13.74
$100,000$149,999
$150,000$199,999
$200,000$299,999
$300,000$499,999
Jan-10
77
52
23
25
4
3
Jan-11
102
40
33
19
9
2
Jan-12
137
57
33
17
8
6
Dec-12
106
53
39
25
11
3
Month
Jan-13
129
49
40
17
6
3
Ann. 11
1652
790
448
344
124
39
Ann. 12
1662
794
496
364
106
52
Number
0-$99,999
Over $500K
Price Range of Sales
160
140
120
100
80
60
40
20
0
Jan-10
Jan-11
Jan-12
Dec-12
Jan-13