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 May, 2012
Mobile County Residential Market
Prices: In May, 2012, the average sales price increased from $126,793 in April to $131,756, a 3.91 percent change. The
median sales price also increased by 10.58 percent from $104,000 in April to $115,000 in May, 2012.
Sales: The number of sales in May increased by 14.29 percent from last month. In April there were 301 sales and in May
there were 344 sales. Compared to last year, May 2011, the sales increased from 306 in 2011 to 344 in 2012, or 12.42
percent.
Volume: Of the 344 total sales, 292 sales were under $200,000, representing 84.88 percent of the entire market. Of the
292 sales that were under $200,000, 53.77 percent of those sales occurred in the $0-$99,000 range. Compared to May,
2011, sales in the $300,000-$499,999 range decreased by 37.50 percent, declining from 16 sales to 10 sales in April,
2012.
Month’s-to-Sell Inventory: The average number of months to sell the existing inventory of properties in May, 2012,
decreased by 11.17 percent, or from 9.94 in April to 8.83. Compared to May, 2011, the month’s inventory decreased by
24.40 percent, falling from 11.68 to 8.83 in May of this year.
U.S.: The latest update on the U.S. market showed an increase of 25.4 percent in sales from February to March, 2012. The
average sales price increased from $201,600 to $212,100, which resulted in a 5.2 percent change. The median sales price
also increased by 5.9 percent, or from $155,600 to $164,800. Compared to March of last year, total sales increased by 3.7
percent. The inventory month’s supply decreased by 1.6 percent from February to March and decreased by 27.1 percent
from March, 2011, to March, 2012.
Overall Analysis: For the month of May, the Mobile housing market showed an increase in the number of sales, average
sales price, and median sales price. The inventory month’s supply decreased by 11.17 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
Mar-11
347,000
$207,300
$159,800
8.5
Feb-12
287,000
$201,600
$155,600
6.3
Mar-12
360,000
$212,100
$164,800
6.2
Vs. Last
Month (%)
25.4
5.2
5.9
-1.6
Vs. Last
Year (%)
3.7
2.3
3.1
-27.1
Median Sales Price
$170,000
$165,000
$160,000
$155,000
$150,000
Mar-11
Feb-12
Mar-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.
May 2012 Mobile County Single-Family Residential Report
Average Sales Price
$155,000
$150,000
$140,000
$145,000
$120,000
$140,000
$100,000
$135,000
$80,000
$130,000
$60,000
$125,000
$40,000
$120,000
$20,000
$115,000
May-09
May-10
May-11
Month
Ave. Sales
$
May-09
$150,091
May-10
$137,596
-8.32
May-11
$132,959
-3.37
Apr-12
$126,793
May-12
$131,756
Annual 10
Annual 11
$136,609
$121,923
Apr-12
vs. Last Year
(%)
$0
May-12
May-09
vs. Last
Month (%)
-10.75
May-10
May-11
Apr-12
vs. Last
Year (%)
Month
Med. Sales $
May-09
$134,000
May-10
$120,300
-10.22
May-11
$110,000
-8.56
Apr-12
$104,000
May-12
$115,000
Annual 10
Annual 11
$120,000
$104,475
3.91
Number of Sales
400
Median Sales Price
$160,000
May-12
vs. Last
Month (%)
10.58
-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
May-09
May-10
Month
# Sales
May-09
306
May-10
374
May-11
306
Apr-12
301
May-12
344
Annual 10
3323
Annual 11
3396
May-11
Apr-12
vs. Last Year
(%)
May-12
May-09
vs. Last
Month (%)
May-10
Month
May-11
Month's
Inventory
Apr-12
vs. Last
Year (%)
May-09
11.67
22.22
May-10
10.91
-6.51
-18.18
May-11
11.68
7.06
Apr-12
9.94
May-12
8.83
Annual 10
14.25
Annual 11
12.32
14.29
2.20
May-12
vs. Last
Month (%)
-11.17
-13.54
0-$99,999
$100,000$149,999
$150,000$199,999
$200,000$299,999
$300,000$499,999
May-09
90
93
54
53
12
4
May-10
134
112
60
58
6
4
May-11
138
70
40
37
16
5
Apr-12
144
72
41
31
8
5
May-12
157
82
53
34
10
8
Ann. 10
1284
913
536
419
129
42
Ann. 11
1651
790
448
344
124
39
Number
Month
Over $500K
Price Range of Sales
180
160
140
120
100
80
60
40
20
0
May-09
May-10
May-11
Apr-12
May-12