Existing-home sales rose for the third consecutive month with inventory easing and home prices declining less sharply in June, according to the National Association of Realtors®. Let’s take a look at local Mobile AL real estate sales.

Mobile AL Real Estate Sales Statistics

The number of homes selling in Mobile AL in June declined 24 percent with 291 homes sold. the average sales price dropped 13 percent, down $23,853 from June 2008. The median sales price dropped 11 percent or $15,922 while the days on market dropped 3 days or 4 percent. The number of sales increased by 3 percent or 87 homes.

June 2009

    Homes Sold: 291
    Average Sales Price: $153,663
    Median Sales Price: $130,000
    Average Days On Market: 80
    Total Homes For Sale: 3,401

June 2008

    Homes Sold: 383
    Average Sales Price: $177,516
    Median Sales Price: $145,922
    Average Days On Market: 83
    Total Homes For Sale: 3,314

Learn  more about Mobile AL real estate by visiting JudySells.com.