Executive Summary
Mobile's housing market shows average risk, ranking 51st of 287 metros. The market has been in Recovery for 5 months. Current conditions are balanced with stable liquidity. Early signs of stabilization — conditions may favor patient buyers.
Mobile experienced a market correction from early 2025 through mid-2025. The market is currently recovering.
Inventory is roughly flat (+1% YoY) with homes selling at a normal pace — a balanced market.
Rent growth is roughly keeping pace with price appreciation, suggesting valuations are not stretched.
Cycle Phase
Market conditions are rebuilding after a correction period
Key Dynamics
Risk is primarily driven by employment and migration, while permit growth provides the most support.
Top Drivers
Market Signals
Inventory is roughly flat (+1% YoY) with homes selling at a normal pace — a balanced market.
Liquidity
Valuation
Factor Details
12-month HPI change — higher = overheating
YoY permit change — higher = supply pressure
Permits per 1,000 residents — higher = overbuilding risk
Mortgage payment / income — higher = more burdened
12-month employment change (risk inverted)
Net AGI migration (risk inverted)
National Context
Credit Conditions
Credit Regime
Healthy recovery. Credit is flowing normally and transactions are steady — conditions favor continued rebuilding.
Supply Pipeline
Supply Regime
Supply pipeline is building up while credit remains available. New units are accumulating in the system — watch for delivery pressure in coming quarters.
Local Signals
Metro Permit Activity
Permit Activity
Sharp CoolingRaw signal — not the composite percentile
Relative to 2016–2019 norms for this metro
Significant supply pullback into healthy demand. A supply constraint is forming — pricing power is shifting to existing inventory holders.
Employment Concentration
Employment
DiversifiedInternal Structure
County-level structural analysis.
County-level structural analysis is not available for this metro due to fewer than 3 qualifying counties.
Score History
| Month | Score |
|---|---|
| 2025-11 | 68 |
| 2025-09 | 57 |
| 2025-07 | 60 |
| 2025-05 | 67 |
| 2025-03 | 58 |
| 2025-02 | 60 |
| 2024-12 | 66 |
| 2024-09 | 64 |
| 2024-07 | 61 |
| 2024-05 | 66 |
| 2024-04 | 72 |
| 2024-03 | 65 |
| 2024-01 | 62 |
| 2023-11 | 70 |
| 2023-09 | 74 |
| 2023-08 | 75 |
| 2023-07 | 76 |
| 2023-05 | 70 |
| 2023-04 | 68 |
| 2023-02 | 77 |
| 2023-01 | 76 |
| 2022-12 | 68 |
| 2022-11 | 69 |
| 2022-10 | 68 |
| 2022-08 | 68 |
| 2022-07 | 69 |
| 2022-05 | 69 |
| 2022-04 | 70 |
| 2022-02 | 70 |
| 2021-12 | 70 |
| 2021-11 | 72 |
| 2021-09 | 71 |
| 2021-06 | 67 |
| 2021-04 | 72 |
| 2021-02 | 70 |
| 2021-01 | 70 |
| 2020-11 | 60 |
| 2020-10 | 56 |
| 2020-08 | 70 |
| 2020-05 | 65 |
| 2020-02 | 72 |
| 2019-12 | 78 |
| 2019-11 | 78 |
| 2019-09 | 68 |
| 2019-06 | 76 |
| 2019-04 | 74 |
| 2019-01 | 60 |