The Mobile County and Baldwin County MLS Statistics and Trends have been calculated based on closed transactions in the month of March 2008. Starting this month, the stats will be presented by using the features found in Google docs. The tables and charts are sharper and the data seems to be better represented. Please let us know what you think of the new format.
There has been an increase of activity for the second straight month for both Mobile and Baldwin County but the activity levels are down from the same period last year. In Mobile County the 346 sold transactions represents a 25% decrease. In Baldwin County the 155 sold transactions represents a 31% decrease. Here are the tables and charts for Units Sold:
Google Docs - 200803 Mobile Baldwin MLS Trends
200803 Mobile Baldwin MLS Trends:
Units Sold
.
Jun 2006
Jul 2006
Aug 2006
Sep 2006
Oct 2006
Nov 2006
Dec 2006
Jan 2007
Feb 2007
Mar 2007
Apr 2007
May 2007
Jun 2007
Jul 2007
Aug 2007
Sep 2007
Oct 2007
Nov 2007
Dec 2007
Jan 2008
Feb 2008
Mar 2008
.
Mobile
577
468
497
379
425
369
371
308
364
465
460
499
511
519
459
360
392
362
335
280
327
346
.
Baldwin
271
197
245
196
198
178
199
152
184
225
248
237
251
215
220
166
156
127
151
101
149
155
Over the past 18 months, there has been a trend of the home prices in Baldwin County going down and the prices of homes in Mobile County have been rising. There is still a $53,000 difference in median price but that number was $20,000 higher in July of 2006. Here are the tables and charts for Median Sales Price:
Google Docs - 200803 Mobile Baldwin MLS Trends
200803 Mobile Baldwin MLS Trends:
Median Sales Price ($,000)
.
Jun 2006
Jul 2006
Aug 2006
Sep 2006
Oct 2006
Nov 2006
Dec 2006
Jan 2007
Feb 2007
Mar 2007
Apr 2007
May 2007
Jun 2007
Jul 2007
Aug 2007
Sep 2007
Oct 2007
Nov 2007
Dec 2007
Jan 2008
Feb 2008
Mar 2008
.
Mobile
142
138
140
134
142
135
135
131
131
130
136
144
146
145
133
127
129
149
140
120
135
133
.
Baldwin
225
207
185
206
198
190
194
188
189
197
200
200
200
194
197
201
190
186
182
177
183
186
The inventory levels in the two counties have slowly reached the same levels. There is a larger population in Mobile County so that should be more homes for sale there. The inventory levels in Baldwin County have stabilized but there are a number of new builder spec homes available for purchase. The trend of available homes in Mobile has been on the rise for about 2 years when the inventory levels were just about depleted after Hurricane Katrina. Here are the tables and charts for Available Units for Sale:
Google Docs - 200803 Mobile Baldwin MLS Trends
200803 Mobile Baldwin MLS Trends:
Units Available
.
Jun 2006
Jul 2006
Aug 2006
Sep 2006
Oct 2006
Nov 2006
Dec 2006
Jan 2007
Feb 2007
Mar 2007
Apr 2007
May 2007
Jun 2007
Jul 2007
Aug 2007
Sep 2007
Oct 2007
Nov 2007
Dec 2007
Jan 2008
Feb 2008
Mar 2008
.
Mobile
1899
2005
2141
2220
2195
2149
2134
2200
2294
2357
2514
2582
2698
2855
2959
3007
3030
2991
2894
3036
3067
3124
.
Baldwin
3402
2998
3030
3001
2922
2864
2764
3028
3147
3222
3151
3257
3267
3815
3319
3392
3299
3238
3137
3146
3125
3246
The Days on Market field gives an analysis of average days it took to sell the listings. The numbers have been on the rise for both counties. In Mobile, the average number of days to sell is 84. In Baldwin County the number of days is 169 which is about 5 1/2 month. Here are the tables and charts for Days on Market Analysis:
Google Docs - 200803 Mobile Baldwin MLS Trends
200803 Mobile Baldwin MLS Trends:
DOM
.
Jun 2006
Jul 2006
Aug 2006
Sep 2006
Oct 2006
Nov 2006
Dec 2006
Jan 2007
Feb 2007
Mar 2007
Apr 2007
May 2007
Jun 2007
Jul 2007
Aug 2007
Sep 2007
Oct 2007
Nov 2007
Dec 2007
Jan 2008
Feb 2008
Mar 2008
.
Mobile
50
47
53
56
56
50
66
63
66
68
70
61
63
70
61
59
67
70
76
89
92
84
.
Baldwin
90
85
94
101
109
118
130
120
116
102
112
99
109
127
122
129
113
123
131
170
176
169
Absorption rate is the true snapshot of the market for the consumer. It tells the real estate customer if the market is a buyer or seller market. The rule of thumb is that 6 month supply of homes or more denotes a buyers market. As the accompaniing tables and charts can attest it is a buyers market in both Mobile and Baldwin County. Here are the tables and charts for Absorption Rate:
Google Docs - 200803 Mobile Baldwin MLS Trends
200803 Mobile Baldwin MLS Trends:
Absorbtion Rate
.
May 2006
Jun 2006
Jul 2006
Aug 2006
Sep 2006
Oct 2006
Nov 2006
Dec 2006
Jan 2007
Feb 2007
Mar 2007
Apr 2007
May 2007
Jun 2007
Jul 2007
Aug 2007
Sep 2007
Oct 2007
Nov 2007
Dec 2007
Jan 2008
Feb 2008
Mar 2008
.
Mobile
3.33
3.29
4.28
4.31
5.86
5.16
5.82
5.75
7.14
6.30
5.07
5.47
5.17
5.28
5.50
6.45
8.35
7.73
8.26
8.63
10.84
9.37
9.02
.
Baldwin
9.38
12.79
10.08
12.55
15.22
12.37
15.31
14.76
16.09
13.89
19.92
17.10
14.32
12.71
13.74
13.02
17.74
15.09
20.43
21.47
25.50
20.77
20.94
Please feel free to drop us a line if you have any questions concerning these statistics or how they were calculated. Our E-mail address is Team@GulfRegionProperties.com. Please visit www.GulfRegionProperties.com for additional community information.
0 Comments on Mobile and Baldwin County MLS Statistics - March 2008
Steve Shaw, Gulf Region Properties Team
Foley, AL
More about me…
Keller Williams Realty
Office Phone: (251) 662-5660
Cell Phone: (251) 215-9382
Email Me
Everything about Mobile and Baldwin County, Alabama, with a focus on the Mobile area Real Estate Market, Home Sales, Homes for Sale in Mobile, as well as views and commentary on Mobile, Alabama.
;)
Links;)
Archives
