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 June, 2012
Mobile County Residential Market
Prices: In June, 2012, the average sales price decreased from $131,601 in May to $129,314, a 1.74 percent change. The
median sales price also decreased by 3.04 percent from $115,000 in May to $111,500 in June, 2012.
Sales: The number of sales in June decreased by 11.27 percent from last month. In May there were 346 sales and in June
there were 307 sales. Compared to last year, June 2011, the sales decreased from 318 in 2011 to 307 in 2012, or 3.46
percent.
Volume: Of the 307 total sales, 252 sales were under $200,000, representing 82.08 percent of the entire market. Of the
252 sales that were under $200,000, 55.56 percent of those sales occurred in the $0-$99,000 range. Compared to June,
2011, sales in the $200,000-$299,999 range decreased by 20.41 percent, declining from 49 sales to 39 sales in June, 2012.
Month’s-to-Sell Inventory: The average number of months to sell the existing inventory of properties in June, 2012,
increased by 13.02 percent, or from 8.91 in May to 10.07. Compared to June, 2011, the month’s inventory decreased by
10.09 percent, falling from 11.20 to 10.07 in June of this year.
U.S.: The latest update on the U.S. market showed an increase of 11.1 percent in sales from March to April, 2012. The
average sales price increased from $212,100 to $221,700, which resulted in a 4.5 percent change. The median sales price
also increased by 5.4 percent, or from $164,800 to $173,700. Compared to April of last year, total sales increased by 6.7
percent. The inventory month’s supply increased by 4.8 percent from March to April and decreased by 28.6 percent from
April, 2011, to April, 2012.
Overall Analysis: For the month of June, the Mobile housing market showed a decrease in the number of sales, average
sales price, and median sales price. The inventory month’s supply increased by 13.02 percent, and most residential
properties sold under $200,000.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months Supply
Median Sales Price
$175,000
Apr-11
375,000
$210,200
$161,100
9.1
Mar-12
360,000
$212,100
$164,800
6.2
Apr-12
400,000
$221,700
$173,700
6.5
Vs. Last
Month (%)
11.1
4.5
5.4
4.8
Vs. Last
Year (%)
6.7
5.5
7.8
-28.6
$170,000
$165,000
$160,000
$155,000
$150,000
Apr-11
Mar-12
Apr-12
Data Sources: All data taken from the Mobile Area Association of Realtors, Jeff Newman, Office: 251.479.8654; and the National
Research Assistant: Susan Grimsley
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.
June 2012 Mobile County Single-Family Residential Report
Average Sales Price
$155,000
Median Sales Price
$135,000
$150,000
$130,000
$145,000
$125,000
$140,000
$120,000
$135,000
$130,000
$115,000
$125,000
$110,000
$120,000
$105,000
$115,000
Jun-09
Jun-10
Jun-11
May-12
Jun-09
vs. Last
Month (%)
Jun-10
Month
Ave. Sales
$
Jun-09
$152,217
Jun-10
$142,089
-6.65
Jun-11
$133,473
-6.06
Jun-11
May-12
$131,601
May-12
$115,000
Jun-12
$129,314
Jun-12
$111,500
Annual 10
Annual 11
$136,609
Annual 10
Annual 11
$120,000
$104,475
$121,923
vs. Last Year
(%)
$100,000
Jun-12
-1.74
-10.75
Number of Sales
400
Jun-11
May-12
vs. Last
Year (%)
Month
Med. Sales $
Jun-09
$129,950
Jun-10
$129,900
-0.04
$115,750
-10.89
Jun-12
vs. Last
Month (%)
-3.04
-12.94
Month's Inventory
14.00
12.00
300
10.00
8.00
200
6.00
4.00
100
2.00
0
0.00
Jun-09
Jun-10
Jun-11
May-12
Month
# Sales
vs. Last Year
(%)
Jun-09
300
Jun-10
371
Jun-11
318
May-12
346
Jun-12
307
Annual 10
3323
Annual 11
3396
Jun-12
Jun-09
Jun-10
Jun-11
May-12
Month
Month's
Inventory
Jun-09
11.99
23.67
Jun-10
11.23
-6.34
-14.29
Jun-11
11.20
-0.27
May-12
8.91
Jun-12
10.07
Annual 10
14.25
Annual 11
12.33
vs. Last
Month (%)
-11.27
2.20
vs. Last
Year (%)
Jun-12
vs. Last
Month (%)
13.02
-13.47
$100,000$149,999
$150,000$199,999
$200,000$299,999
$300,000$499,999
Jun-09
87
100
57
36
19
1
Jun-10
127
96
69
58
19
2
Jun-11
138
78
39
49
9
5
May-12
158
82
54
34
10
8
Jun-12
140
73
39
39
12
4
Month
Ann. 10
1284
913
536
419
129
42
Ann. 11
1651
790
448
344
124
39
Number
0-$99,999
Over $500K
Price Range of Sales
180
160
140
120
100
80
60
40
20
0
Jun-09
Jun-10
Jun-11
May-12
Jun-12