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 April, 2012
Mobile County Residential Market
Prices: For the month of April, 2012, the average sales price increased by 10.70 percent, increasing from $114,761 in
March to $127,043. The median sales price increased from $94,400 to $104,000 in the same period, showing an increase
by 10.17 percent.
Sales: The number of sales in April decreased by 12.35 percent from March, having 298 sales. The number of sales in the
$200,000-$299,999 range was 31, which was a 34.78 percent increase compared to March. Compared to April, 2011, total
number of sales increased by 1.71 percent, or from 293 sales to 298 sales in April, 2012.
Volume: Of the 298 total sales, 254 sales were under $200,000, representing 85.23 percent of the entire market. Of the
254 sales that were under $200,000, 55.91 percent of those sales occurred in the $0-$99,000 range. Compared to April,
2011, sales in the $300,000-$499,999 range decreased by 55.56 percent, declining from 18 sales to 8 sales in April, 2012.
Month’s-to-Sell Inventory: The average number of months to sell the existing inventory of properties in April increased
by 13.18 percent, or from 8.80 in March to 9.96. Compared to April, 2011, the month’s inventory decreased by 17.89
percent, falling from 12.13 to 9.96 in April of this year.
U.S.: The latest update on the U.S. market showed an increase of 13.4 percent in sales from January to February, 2012.
The average sales price decreased from $202,300 to $201,600, which resulted in a 0.3 percent change. The median sales
price also decreased by 0.3 percent, or from $156,100 to $155,600. Compared to February of last year, total sales
decreased by 17.3 percent. The inventory month’s supply decreased by 26.7 percent from January to February.
Overall Analysis: For the month of April, the Mobile housing market showed an increase in sales price and inventory
month’s supply. The number of sales decreased by 12.35 percent, and most residential properties sold under $200,000.
Overall, despite fewer sales in the housing market, more sales occurred in higher price ranges, which are reflected in the
increased sales price indicators for April, 2012.
United States Existing Home Prices for All Housing Types
Time
Sales
Average
Sales Price
Median Sales
Price
Inventory
Months Supply
Median Sales Price
$162,000
Feb-11
347,000
$207,300
$159,800
8.5
$160,000
Jan-12
253,000
$202,300
$156,100
8.6
$158,000
Feb-12
287,000
$201,600
$155,600
6.3
$156,000
Vs. Last
Month (%)
13.4
-0.3
-0.3
-26.7
$154,000
Vs. Last
Year (%)
-17.3
-2.7
-2.6
-25.9
$152,000
Feb-11
Jan-12
Feb-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.
April 2012 Mobile County Single-Family Residential Report
Average Sales Price
$200,000
Median Sales Price
$140,000
$120,000
$150,000
$100,000
$80,000
$100,000
$60,000
$40,000
$50,000
$20,000
$0
Apr-09
Apr-10
Apr-11
Month
Ave. Sales
$
Apr-09
$144,192
Apr-10
$153,198
6.25
Apr-11
$130,759
-14.65
Mar-12
$114,761
Apr-12
$127,043
Annual 10
Annual 11
$136,609
$121,923
Mar-12
vs. Last Year
(%)
$0
Apr-12
Apr-09
vs. Last
Month (%)
Number of Sales
360
Apr-11
Mar-12
vs. Last
Year (%)
Month
Med. Sales $
Apr-09
$124,500
Apr-10
$129,900
4.34
Apr-11
$110,000
-15.32
Mar-12
$94,400
Apr-12
$104,000
Annual 10
Annual 11
$120,000
$104,475
10.70
-10.75
Apr-10
Apr-12
vs. Last
Month (%)
10.17
-12.94
Month's Inventory
14.00
12.00
340
10.00
320
8.00
300
6.00
4.00
280
2.00
260
0.00
Apr-09
Apr-10
Apr-11
Month
# Sales
vs. Last Year
(%)
Apr-09
299
Apr-10
334
Apr-11
293
Mar-12
340
Apr-12
298
Annual 10
3323
Annual 11
3396
Mar-12
Apr-12
Apr-09
vs. Last
Month (%)
Apr-10
Month
Apr-11
Month's
Inventory
Mar-12
vs. Last
Year (%)
Apr-09
11.57
11.71
Apr-10
12.17
5.19
-12.28
Apr-11
12.13
-0.33
Mar-12
8.80
Apr-12
9.96
Annual 10
14.24
Annual 11
12.31
-12.35
2.20
Apr-12
vs. Last
Month (%)
13.18
-13.55
0-$99,999
$100,000$149,999
$150,000$199,999
$200,000$299,999
$300,000$499,999
Apr-09
102
94
51
33
15
4
Apr-10
98
99
65
47
17
8
Apr-11
131
74
37
30
18
3
Mar-12
175
81
50
23
6
5
Apr-12
142
72
40
31
8
5
Ann. 10
1284
913
536
419
129
42
Ann. 11
1651
790
448
344
124
39
Number
Month
Over $500K
Price Range of Sales
200
180
160
140
120
100
80
60
40
20
0
Apr-09
Apr-10
Apr-11
Mar-12
Apr-12