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 November, 2012
Mobile County Residential Market
Prices: For the month of November, 2012, the average sales price increased from $126,778 in October to $135,480, a
6.86 percent change. The median sales price increased from $105,750 to $112,000 in the same period, showing an
increase by 5.91 percent.
Sales: The number of sales in November decreased by 11.46 percent from October, having 255 sales. Compared to
November, 2011, total sales decreased by 2.67 percent, or from 262 sales to 255 sales in November, 2012.
Volume: Of the 255 total sales, 217 sales were under $200,000, representing 85.10 percent of the entire market. Of the
217 sales that were under $200,000, 52.53 percent of those sales occurred in the $0-$99,000 range. Sales in the $0$99,999 range decreased by 16.18 percent, or from 136 sales to 114 sales in November, 2012. There were 4 sales that sold
over $500,000 in November.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties in November
increased by 10.81 percent, or from 10.45 in October to 11.58. Compared to November, 2011, the month’s inventory
decreased by 10.58 percent, or from 12.95 to 11.58 in November, 2012.
U.S.: The U.S. market in September showed a 21.8 percent decrease in sales from the previous month. The average sales
price decreased from $233,100 to $226,600, a 2.8 percent change. The median sales price also decreased by 3.6 percent,
or from $184,900 to $178,300. The inventory month’s supply decreased by 6.7 percent from August to September.
Compared to September, 2011, inventory month’s supply decreased by 30.9 percent.
Overall Analysis: For November, the Mobile housing market showed increases in sales price and inventory month’s
supply since the previous month. Compared to November sales in 2011, average sales price and median sales price
increased by 21.38 percent and 22.07 percent, respectively, and month’s inventory decreased by 10.58 percent.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months Supply
Sep-11
369,000
$212,800
$165,300
8.1
Aug-12
476,000
$233,100
$184,900
6.0
Sep-12
372,000
$226,600
$178,300
5.6
Vs. Last
Month (%)
-21.8
-2.8
-3.6
-6.7
Vs. Last
Year (%)
0.8
6.5
7.9
-30.9
Median Sales Price
$190,000
$180,000
$170,000
$160,000
$150,000
Sep-11
Aug-12
Sep-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.
November 2012 Mobile County Single-Family Residential Report
Average Sales Price
$160,000
Median Sales Price
$140,000
$140,000
$120,000
$120,000
$100,000
$100,000
$80,000
$80,000
$60,000
$60,000
$40,000
$40,000
$20,000
$20,000
$0
Nov-09
Nov-10
Nov-11
Oct-12
Nov-09
vs. Last
Month (%)
Nov-10
Month
Avg. Sales
$
Nov-09
$138,941
Nov-10
$137,401
-1.11
Nov-11
$111,620
-18.76
Nov-11
Oct-12
$126,778
Oct-12
$105,750
Nov-12
$135,480
Nov-12
$112,000
Annual 10
Annual 11
$136,609
Annual 10
Annual 11
$120,000
$104,450
$121,901
vs. Last Year
(%)
$0
Nov-12
6.86
-10.77
Number of Sales
300
290
280
270
260
250
240
230
220
Nov-11
Oct-12
vs. Last
Year (%)
Month
Med. Sales $
Nov-09
$125,000
Nov-10
$125,000
0.00
$91,750
-26.60
Nov-12
vs. Last
Month (%)
5.91
-12.96
Month's Inventory
20.00
15.00
10.00
5.00
0.00
Nov-09
Nov-10
Month
# Sales
Nov-09
269
Nov-10
245
Nov-11
262
Oct-12
288
Nov-12
255
Annual 10
3323
Annual 11
3397
Nov-11
Oct-12
vs. Last Year
(%)
Nov-12
Nov-09
vs. Last
Month (%)
Nov-10
Month
Nov-11
Month's
Inventory
Oct-12
vs. Last
Year (%)
Nov-09
14.20
-8.92
Nov-10
15.37
8.24
6.94
Nov-11
12.95
-15.74
Oct-12
10.45
Nov-12
11.58
Annual 10
14.28
Annual 11
12.37
-11.46
2.23
Nov-12
vs. Last
Month (%)
10.81
-13.38
0-$99,999
$100,000$149,999
$150,000$199,999
$200,000$299,999
$300,000$499,999
Nov-09
81
102
42
34
8
2
Nov-10
97
69
42
24
9
4
Nov-11
139
60
33
23
4
3
Oct-12
136
64
41
34
9
4
Nov-12
114
65
38
26
8
4
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
Nov-09
Nov-10
Nov-11
Oct-12
Nov-12