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 December, 2012
Mobile County Residential Market
Prices: For the month of December, 2012, the average sales price decreased from $135,213 in November to $130,973, a
3.14 percent change. The median sales price decreased from $111,250 to $110,900 in the same period, showing an
decrease by 0.31 percent.
Sales: The number of sales in December decreased by 8.20 percent from November, having 235 sales. Compared to
December, 2011, total sales decreased by 15.47 percent, or from 278 sales to 235 sales in December, 2012.
Volume: Of the 235 total sales, 197 sales were under $200,000, representing 83.83 percent of the entire market. Of the
197 sales that were under $200,000, 53.30 percent of those sales occurred in the $0-$99,000 range. Sales in the $100,000$149,999 range decreased by 18.46 percent, or from 65 sales to 53 sales in December, 2012. There were 3 sales that sold
over $500,000 in December.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties in December
increased by 6.07 percent, or from 11.69 in November to 12.40. Compared to December, 2010, the month’s inventory
decreased by 23.17 percent, or from 16.14 to 12.40 in December, 2012.
U.S.: The U.S. market in October showed a 7.8 percent increase in sales from September. The average sales price
decreased from $226,600 to $224,500, a 0.9 percent change. The median sales price also decreased by 0.8 percent, or
from $178,300 to $176,900. The inventory month’s supply decreased by 5.4 percent. Compared to October, 2011,
inventory month’s supply decreased by 30.3 percent, or from 7.6 to 5.3.
Overall Analysis: For December, the Mobile housing market showed decreases in sales price and an increase in
inventory month’s supply since November. Compared to December sales in 2011, average sales price and median sales
price increased by 8.43 percent and 12.02 percent, respectively, and month’s inventory increased by 5.71 percent.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months Supply
Oct-11
343,000
$205,900
$160,800
7.6
Sep-12
372,000
$226,600
$178,300
5.6
Oct-12
401,000
$224,500
$176,900
5.3
Vs. Last
Month (%)
7.8
-0.9
-0.8
-5.4
Vs. Last
Year (%)
16.9
9.0
10.0
-30.3
Median Sales Price
$180,000
$175,000
$170,000
$165,000
$160,000
$155,000
$150,000
Oct-11
Sep-12
Oct-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.
December 2012 Mobile County Single-Family Residential Report
Average Sales Price
$145,000
$140,000
$120,000
$135,000
$100,000
$130,000
$80,000
$125,000
$60,000
$120,000
$40,000
$115,000
$20,000
$110,000
Dec-09
Dec-10
Dec-11
Nov-12
$0
Dec-12
Dec-09
vs. Last
Month (%)
Dec-10
Dec-11
Nov-12
Month
Avg. Sales
$
Dec-09
$135,470
Dec-09
$120,000
Dec-10
$141,452
4.42
Dec-10
$109,000
-9.17
Dec-11
$120,787
-14.61
Dec-11
$99,000
-9.17
Nov-12
$135,213
Nov-12
$111,250
Dec-12
$130,973
Dec-12
$110,900
Annual 10
Annual 11
$136,609
Annual 10
Annual 11
$120,000
$104,450
$121,901
vs. Last Year
(%)
Median Sales Price
$140,000
Month
-3.14
-10.77
Number of Sales
300
Med. Sales $
vs. Last
Year (%)
Dec-12
vs. Last
Month (%)
-0.31
-12.96
Month's Inventory
20.00
250
15.00
200
150
10.00
100
5.00
50
0
0.00
Dec-09
Dec-10
Month
# Sales
Dec-09
259
Dec-10
225
Dec-11
278
Nov-12
256
Dec-12
235
Annual 10
3323
Annual 11
3397
Dec-11
Nov-12
vs. Last Year
(%)
Dec-12
Dec-09
vs. Last
Month (%)
Dec-10
Dec-11
Nov-12
Month
Month's
Inventory
Dec-09
14.36
-13.13
Dec-10
16.14
12.40
23.56
Dec-11
11.73
-27.32
Nov-12
11.69
Dec-12
12.40
Annual 10
14.28
Annual 11
12.37
-8.20
2.23
vs. Last
Year (%)
Dec-12
vs. Last
Month (%)
6.07
-13.38
0-$99,999
$100,000$149,999
$150,000$199,999
$200,000$299,999
$300,000$499,999
3
Dec-09
105
70
45
21
15
Dec-10
98
65
30
19
7
6
Dec-11
141
60
32
30
12
3
Nov-12
115
65
38
26
8
4
Dec-12
105
53
39
24
11
3
Ann. 10
1284
913
536
419
129
42
Ann. 11
1652
790
448
344
124
39
Number
Month
Over $500K
Price Range of Sales
160
140
120
100
80
60
40
20
0
Dec-09
Dec-10
Dec-11
Nov-12
Dec-12