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First Look: Mobile home sales outpaced 2015 by 4 percent last year

Photo credit: ACRE

First Look: Mobile home sales outpaced 2015 by 4 percent last year

Industries: Residential Real Estate

Markets: Mobile Area

Mobile home sales for 2016 outpaced 2015 by 4 percent. 

According to data acquired by the Alabama Center for Real Estate, there were 4,470 homes sold in Mobile during 2016, compared to 4,284 the previous year. 

Click here to read all of our Mobile articles on REAL

Mobile home sales peaked at 7,167 during 2005 but dropped to 3,186 during the heart of the recession in 2010. Home sales have risen 40 percent since 2010. 

Click here to read the full Mobile Annual Housing Report

The median sales price for homes sold in Mobile during 2016 was $120,393, a 3 percent drop from 2015. 

On average, homes listed for sale spent 94 days on the market, 8 percent faster than the 102 days in 2015. 

Inventory also decreased by 16 percent to 2,100 units listed on the market. 

Click here to read the latest Mobile residential article at Alabama Newscenter

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