Additional data and information can be found at the CRES website: http://cres.southalabama.edu
Prices: The average sales price increased slightly from $121,100 in December, 2011 to $121,948 in January, 2012, a 0.70 percent change. The median sales price decreased, however, by 7.07 percent from $99,000 to $92,000.
Sales: The number of sales decreased by 7.61 percent from December. The number of sales in the $0-$99,999 range decreased from 140 to 136, a 2.9 percent change. Six sales occurred over $500,000, an increase by 100.0 percent from only three sales in December, 2011. The number of sales in the $200,000-$299,999 range was 17, which was a decrease by 13 sales, or 43.3 percent compared to last month.
Volume: Of the 255 total sales in January, 224 sales were under $200,000, comprising 87.84 percent of the entire market.
Eight sales occurred in the $300,000-$499,999 range, which decreased from the twelve sales, or 33.33 percent, in the previous month. Thus, 94.51 percent of all sales in January were below $300,000.
Month’s-to-Sell Inventory: The average number of months to sell the existing inventory of properties in January increased from 11.60 in December to 11.92, a 2.76 percent change. Compared to January of last year, however, there was a decrease by 28.92 percent, from 16.77 to 11.92 in January, 2012.
U.S.: The latest figures for the U.S. market in November showed a decrease of 2.3 percent in sales from October to
November, 2011, and showed a 5.6 percent decrease compared to November of last year. The average sales price increased to $210,400, which resulted in a 2.2 percent change, but is still down from November, 2010. The median sales price increased 2.0 percent in November, from $160,800 to $164,000. The inventory months supply was 7.2 months in
November, a 6.5 percent decrease from October and a 25.0 percent decrease from November, 2010.
Overall Analysis: For the month of November, the Mobile housing market showed a decrease in number of sales by 7.61 percent compared to last month. Median Sales Price also decreased in January, by 7.07 percent. However, Average Sales
Price and Month’s Inventory each showed increases of 0.70 percent and 2.76 percent, respectively, in January, 2012.
Time Sales
Average
Sales
Price
Median
Sales Price
Inventory
Months
Supply
$175,000
Nov-10 355,000 $218,100 $170,200 9.6
$170,000
Oct-11 343,000 $205,900 $160,800 7.7
Nov-11 335,000 $210,400 $164,000 7.2
$165,000
Vs. Last
Month
(%)
-2.3 2.2 2.0 -6.5
$160,000
Vs. Last
Year (%)
-5.6 -3.5 -3.6 -25.0
$155,000
Nov-10 Oct-11 Nov-11
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
. Research Associate: Susan Grimsley
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.

Average Sales Price
$145,000
$140,000
$135,000
$130,000
$125,000
$120,000
$115,000
$110,000
Jan-09 Jan-10 Jan-11 Dec-11 Jan-12
Month
Ave. Sales
$
$140,874 Jan-09
Jan-10
Jan-11
Dec-11
Jan-12
$130,838
$124,416
$121,100
$121,948
Annual 10 $136,609
Annual 11 $122,006 vs. Last Year
(%)
-7.12
-4.91
-10.69
vs. Last
Month (%)
0.70
Median Sales Price
$140,000
$120,000
$100,000
$80,000
$60,000
$40,000
$20,000
$0
Jan-09 Jan-10 Jan-11 Dec-11 Jan-12
Month
Jan-09
Jan-10
Jan-11
Dec-11
Jan-12
Annual 10
Annual 11
Med. Sales $
$133,000
$112,625
$100,000
$99,000
$92,000
$120,000
$104,500 vs. Last
Year (%) vs. Last
Month (%)
-15.32
-11.21
-12.92
-7.07
Number of Sales
300
250
200
150
100
50
0
Jan-09 Jan-10 Jan-11 Dec-11 Jan-12
Month
Jan-09
Jan-10
Jan-11
Dec-11
Jan-12
Annual 10
Annual 11
# Sales
179
184
205
276
255
3323
3391 vs. Last Year
(%) vs. Last
Month (%)
2.79
11.41
2.05
-7.61
Month's Inventory
25.00
20.00
15.00
10.00
5.00
0.00
Jan-09 Jan-10 Jan-11 Dec-11 Jan-12
Month's
Inventory
18.37
19.96
16.77
11.60
11.92
14.23
12.29
vs. Last
Year (%) vs. Last
Month (%)
8.66
-15.98
-13.63
2.76
Month
Jan-09
Jan-10
Jan-11
Dec-11
Jan-12
Annual 10
Annual 11
Month 0-$99,999
$100,000-
$149,999
$150,000-
$199,999
$200,000-
$299,999
$300,000-
$499,999
Jan-09
Jan-10
Jan-11
Dec-11
Jan-12
Ann. 10
Ann. 11
63
77
102
140
136
1284
1647
47
52
40
59
55
913
789
29
23
33
32
33
536
448
33
25
19
30
17
419
344
6
4
9
12
8
129
124
1
3
2
3
6
42
39
160
140
120
100
80
60
40
20
0
Jan-09 Jan-10 Jan-11 Dec-11 Jan-12