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 July, 2012
Mobile County Residential Market
Prices: For the month of July, 2012, the average sales price increased by 2.48 percent, increasing from $129,785 in June
to $132,998. The median sales price increased from $111,500 to $113,000 in the same period, showing an increase by
1.35 percent.
Sales: The number of sales in July decreased by 5.14 percent from June, having 295 sales. The number of sales in the $0$99,999 range was 132, which was a 7.04 percent decrease compared to June. Compared to July, 2011, total number of
sales decreased by 1.67 percent, or from 300 sales to 295 sales in July, 2012.
Volume: Of the 295 total sales, 243 sales were under $200,000, representing 82.37 percent of the entire market. Of the
243 sales that were under $200,000, 54.32 percent of those sales occurred in the $0-$99,000 range. Compared to July,
2011, sales in the $200,000-$299,999 range decreased by 14.63 percent, declining from 41 sales to 35 sales in July, 2012.
Month’s-to-Sell Inventory: The average number of months to sell the existing inventory of properties in July increased
by 2.09 percent, or from 10.06 in June to 10.27. Compared to July, 2010, the month’s inventory decreased by 31.35
percent, falling from 14.96 to 10.27 in July, 2012.
U.S.: The latest update on the U.S. market showed an increase of 12.0 percent in sales from April to May, 2012. The
average sales price increased from $221,700 to $229,600, which resulted in a 3.6 percent change. The median sales price
also increased by 3.8 percent, or from $173,700 to $180,300. Compared to May, 2011, total sales increased by 14.6
percent. The inventory month’s supply decreased by 1.5 percent from April to May.
Overall Analysis: For the month of July, the Mobile housing market showed an increase in sales price and inventory
month’s supply. The number of sales decreased by 5.14 percent, and most residential properties sold under $200,000.
Overall, the Mobile housing market did not see significant change in sales indicators from June.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months Supply
Median Sales Price
$185,000
May-11
391,000
$217,600
$169,300
9.1
$180,000
Apr-12
400,000
$221,700
$173,700
6.5
$175,000
May-12
448,000
$229,600
$180,300
6.4
$170,000
Vs. Last
Month (%)
12.0
3.6
3.8
-1.5
$165,000
Vs. Last
Year (%)
14.6
5.5
6.5
-29.7
$160,000
May-11
Apr-12
May-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.
July 2012 Mobile County Single-Family Residential Report
Average Sales Price
$150,000
Median Sales Price
$135,000
$145,000
$130,000
$140,000
$125,000
$135,000
$120,000
$130,000
$125,000
$115,000
$120,000
$110,000
$115,000
$105,000
$110,000
Jul-09
Month
Jul-10
Ave. Sales $
Jul-11
Jun-12
vs. Last Year
(%)
$100,000
Jul-12
Jul-09
vs. Last
Month (%)
Month
Jul-10
Jul-11
Jun-12
vs. Last
Year (%)
Med. Sales $
Jul-09
$143,690
Jul-09
$130,000
Jul-10
$138,172
-3.84
Jul-10
$117,000
-10.00
Jul-11
$122,534
-11.32
Jul-11
$110,000
-5.98
Jun-12
$129,785
Jun-12
$111,500
Jul-12
$132,998
Jul-12
$113,000
Annual 10
$120,000
$104,475
Annual 10
$136,609
Annual 11
$121,923
2.48
-10.75
Annual 11
Number of Sales
400
15.00
200
10.00
100
5.00
0
vs. Last
Month (%)
1.35
-12.94
Month's Inventory
20.00
300
Jul-12
0.00
Jul-09
Jul-10
Jul-11
Month
# Sales
vs. Last Year
(%)
Jul-09
355
Jul-10
279
-21.41
Jul-11
300
7.53
Jun-12
311
Jul-12
295
Annual 10
3323
Annual 11
3396
Jun-12
Jul-12
Jul-09
vs. Last
Month (%)
-5.14
2.20
Jul-10
Jul-11
Jun-12
Month
Month's
Inventory
Jul-09
10.25
Jul-10
14.96
45.95
Jul-11
12.08
-19.25
Jun-12
10.06
Jul-12
10.27
Annual 10
14.27
Annual 11
12.35
vs. Last
Year (%)
Jul-12
vs. Last
Month (%)
2.09
-13.45
0-$99,999
$100,000$149,999
$150,000$199,999
$200,000$299,999
$300,000$499,999
Jul-09
104
114
65
57
13
2
Jul-10
113
67
47
34
14
4
Jul-11
138
71
41
39
9
2
Jun-12
142
73
39
41
12
4
Jul-12
132
72
39
35
13
4
Ann. 10
1284
913
536
419
129
42
Ann. 11
1651
790
448
344
124
39
Number
Month
Over $500K
Price Range of Sales
160
140
120
100
80
60
40
20
0
Jul-09
Jul-10
Jul-11
Jun-12
Jul-12