In the time period between July 1st and July 31st seventy four homes sold in the Downtown/Midtown areas of Mobile, Alabama with an average sales price of $125,223. and a median sales price of $96,950.

On July 31st 150 homes were under contract pending close in the Downtown/Midtown Mobile, Alabama area with an average list price of $115,849 and a median sales price of $103,000.

Statistics for the Downtown/Midtown area of Mobile had 449 homes listed for sale with an average list price of $150,195. and a median list price of $98,900. The median point is the midpoint where there are the same number of listings above and below this point. The absorbtion rate for Midtown/Downtown area of Mobile is 6 meaning there are 6 months supply of homes on the market. Homes in good condition that are priced right on the mark are selling and with the large number of homes on the market buyers have lots of choices.