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 October, 2012
Mobile County Residential Market
Prices: For the month of October, 2012, the average sales price decreased from $131,520 in September to $126,910, a
3.51 percent change. The median sales price decreased from $116,000 to $106,500 in the same period, showing a
decrease by 8.19 percent.
Sales: The number of sales in October decreased by 2.71 percent from September, having 287 sales. Compared to
October, 2011, total sales increased by 3.99 percent, or from 276 sales to 287 sales in October, 2012.
Volume: Of the 287 total sales, 240 sales were under $200,000, representing 83.62 percent of the entire market. Of the
240 sales that were under $200,000, 56.25 percent of those sales occurred in the $0-$99,000 range. Sales in the $150,000$199,999 range decreased by 19.61 percent, or from 51 sales to 41 sales in October, 2012. There were 4 sales that sold
over $500,000 in October.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties in October
increased by 0.19 percent, or from 10.30 in September to 10.32. Compared to October, 2011, the month’s inventory
decreased by 18.29 percent, or from 12.63 to 10.32 in October, 2012.
U.S.: The U.S. market in August showed a 10.7 percent increase in sales from the previous month. The average sales
price decreased from $236,200 to $233,100, a 1.3 percent change. The median sales price also decreased by 1.5 percent,
or from $187,800 to $184,900. The inventory month’s supply decreased by 6.3 percent from July to August. Compared to
August, 2011, inventory month’s supply decreased by 26.8 percent.
Overall Analysis: For the month of October, the Mobile housing market showed a decrease in sales price and an increase
in inventory month’s supply since the previous month. Compared to October sales in 2011, average sales price and
median sales price have increased by 15.51 percent and 19.06 percent, respectively, and month’s inventory has decreased
by 18.29 percent.
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
Aug-11
429,000
$219,500
$171,200
8.2
$185,000
Jul-12
430,000
$236,200
$187,800
6.4
$180,000
Aug-12
476,000
$233,100
$184,900
6.0
$175,000
Vs. Last
Month (%)
10.7
-1.3
-1.5
-6.3
$165,000
Vs. Last
Year (%)
11.0
6.2
8.0
-26.8
$160,000
Aug-11
$170,000
Jul-12
Aug-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.com.
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.
October 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
Oct-09
Oct-10
Oct-11
Sep-12
Oct-09
vs. Last
Month (%)
Oct-10
Month
Avg. Sales
$
Oct-09
$141,881
Oct-10
$129,357
-8.83
Oct-11
$109,866
-15.07
Oct-11
Sep-12
$131,520
Sep-12
$116,000
Oct-12
$126,910
Oct-12
$106,500
Annual 10
Annual 11
$136,609
Annual 10
Annual 11
$120,000
$104,450
$121,901
vs. Last Year
(%)
$0
Oct-12
-3.51
-10.77
Number of Sales
400
15.00
200
10.00
100
5.00
0
Sep-12
vs. Last
Year (%)
Month
Med. Sales $
Oct-09
$125,000
Oct-10
$106,900
-14.48
$89,450
-16.32
Oct-12
vs. Last
Month (%)
-8.19
-12.96
Month's Inventory
20.00
300
Oct-11
0.00
Oct-09
Oct-10
Oct-11
Sep-12
Oct-12
Month
# Sales
vs. Last Year
(%)
Oct-09
343
Oct-10
237
-30.90
Oct-10
16.62
50.82
Oct-11
276
16.46
Oct-11
12.63
-24.01
Sep-12
295
Sep-12
10.30
Oct-12
287
Oct-12
10.32
Annual 10
3323
Annual 10
14.28
Annual 11
3397
Annual 11
12.37
Oct-09
vs. Last
Month (%)
-2.71
2.23
Oct-10
Oct-11
Month
Month's
Inventory
Oct-09
11.02
Sep-12
vs. Last
Year (%)
Oct-12
vs. Last
Month (%)
0.19
-13.38
$300,000$499,999
62
34
15
2
35
25
13
2
36
22
9
1
64
51
35
10
4
Month
0-$99,999
$100,000$149,999
Oct-09
109
121
Oct-10
111
51
Oct-11
151
57
Sep-12
131
$150,000$199,999
Oct-12
135
64
41
34
9
4
Ann. 10
1284
913
536
419
129
42
Ann. 11
1652
790
448
344
124
39
Number
$200,000$299,999
Over $500K
Price Range of Sales
160
140
120
100
80
60
40
20
0
Oct-09
Oct-10
Oct-11
Sep-12
Oct-12