August 2026 Mobile Housing Report

According to Mobile REALTOR Tommy Praytor, president of Praytor Properties, continually higher interest rates and energy prices continue to put the squeeze on the Mobile housing market. The Alabama Center for Real Estate at the University of Alabama is reporting another month of lower home sales for Mobile. The latest housing report for Mobile County in August shows existing home sales (385 homes) fell by 15.0% over July (453 homes). The average sales price fell from $280,017 in July to $277,280 in August down 1%. The number of homes on the market in Mobile remained constant, rising just 1% up to 1,330 listed in August. With sales and new listings keeping pace with each other, the time it took to sell a home in Mobile remained constant at 58 days. New construction was a mixed bag, with sales down, prices higher and slightly more time on the market. The number of new homes sold dropped 26% in August after a 46% fall in July, and the number of days to sell a new home rose slightly from 87 days to 90 days. The average sales price for a new home in Mobile was $353,441 in August, up 9.5% from July, with an average price per square foot of $182.