
Even though the number of single family sales in Mobile County is down this year compared to last year this year - Latest statistics show a drop of 28% in number of sold transactions from January - June Sales comparing 2008 and 2009 activity. However there are homes being sold. I thought it would be useful to see Where is the Market. Take a look at the following chart which shows the number of sales by the listing price range:
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The data tells us that 80% of the listings sold during the first part of this year were priced under $200,000, with most of the sales activity occurring in the $110,000 - $140,000 list price range. If you are a currently selling your home, this data will give you an idea of where the current market exists.
Here is summary of SOLD transactions in Mobile County for January - June 2009:
#Total Sold Listings: 1,596
Average List Price: $145,393
Median List Price: $117,500
Highest List Price: $2,200,000
Lowest List Price: $6,900
Average DOM: 90
Please let me know if you have any questions.
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