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 August, 2012
Mobile County Residential Market
Prices: For the month of August, 2012, the average sales price decreased from $133,170 in July to $115,047, a 13.61
percent change. The median sales price decreased from $113,900 to $102,000 in the same period, showing a decrease by
10.45 percent.
Sales: The number of sales in August increased by 0.67 percent from July, having 299 sales. Compared to August, 2011,
total number of sales decreased by 6.56 percent, or from 320 sales to 299 sales in August, 2012.
Volume: Of the 299 total sales, 258 sales were under $200,000, representing 86.29 percent of the entire market. Of the
258 sales that were under $200,000, 55.43 percent of those sales occurred in the $0-$99,000 range. Sales in the $300,000$499,999 range decreased by 53.85 percent, declining from 13 sales to 6 sales in August, 2012. Compared to August,
2011, sales in the same price range decreased by 60.00 percent, or from 15 sales to 6 sales.
Months-to-Sell Inventory: The average number of months to sell the existing inventory of properties in August
decreased by 2.71 percent, or from 10.33 in July to 10.05. Compared to August, 2011, the month’s inventory decreased by
11.30 percent, or from 11.33 to 10.05 in August, 2012.
U.S.: The latest numbers on the U.S. market showed an increase of 3.3 percent in sales from May to June, 2012. The
average sales price increased from $229,600 to $238,200, a 3.7 percent change. The median sales price also increased by
4.7 percent, or from $180,300 to $188,800. The inventory month’s supply increased by 1.6 percent from May to June.
Compared to June, 2011, inventory month’s supply decreased by 28.6 percent.
Overall Analysis: For the month of August, the Mobile housing market showed a decrease in sales price and inventory
month’s supply. The number of sales increased by 0.67 percent, and more residential properties sold under $200,000,
which resulted in a decrease in both average sales price and median sales price.
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
Jun-11
440,000
$226,000
$175,600
9.1
$185,000
May-12
448,000
$229,600
$180,300
6.4
$180,000
Jun-12
463,000
$238,200
$188,800
6.5
$175,000
Vs. Last
Month (%)
3.3
3.7
4.7
1.6
Vs. Last
Year (%)
5.2
$170,000
$165,000
Jun-11
5.4
7.5
May-12
Jun-12
-28.6
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.
August 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
Aug-09
Aug-10
Aug-11
Jul-12
Aug-09
vs. Last
Month (%)
Aug-10
Aug-11
Jul-12
Month
Avg. Sales
$
Aug-09
$145,490
Aug-09
$126,750
Aug-10
$135,527
-6.85
Aug-10
$119,500
-5.72
Aug-11
$119,186
-12.06
Aug-11
$96,342
-19.38
Jul-12
$133,170
Jul-12
$113,900
Aug-12
$115,047
Aug-12
$102,000
Annual 10
Annual 11
$136,609
Annual 10
Annual 11
$120,000
$104,450
$121,901
vs. Last Year
(%)
$0
Aug-12
Month
-13.61
-10.77
Number of Sales
350
Med. Sales $
vs. Last
Year (%)
Aug-12
vs. Last
Month (%)
-10.45
-12.96
Month's Inventory
20.00
300
15.00
250
200
10.00
150
100
5.00
50
0
0.00
Aug-09
Aug-10
Month
# Sales
Aug-09
316
Aug-10
253
Aug-11
320
Jul-12
297
Aug-12
299
Annual 10
3323
Annual 11
3397
Aug-11
Jul-12
vs. Last Year
(%)
Aug-12
Aug-09
vs. Last
Month (%)
Aug-10
Aug-11
Jul-12
Month
Month's
Inventory
Aug-09
11.71
-19.94
Aug-10
16.16
38.00
26.48
Aug-11
11.33
-29.89
Jul-12
10.33
Aug-12
10.05
Annual 10
14.27
Annual 11
12.36
0.67
2.23
vs. Last
Year (%)
Aug-12
vs. Last
Month (%)
-2.71
-13.38
Month
0-$99,999
$100,000$149,999
$150,000$199,999
$300,000$499,999
Aug-09
109
100
57
36
7
7
Aug-10
101
70
40
26
13
3
Aug-11
168
73
33
27
15
4
Jul-12
132
73
40
35
13
4
Aug-12
143
73
42
35
6
0
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
180
160
140
120
100
80
60
40
20
0
Aug-09
Aug-10
Aug-11
Jul-12
Aug-12