estate: Dothan Real Estate - March Inventory Report
- 03/19/09 02:57 AM
This article was originally posted on DothanHomeSearch.com The number of homes for sale in the Dothan area continues to rise, moving up almost 5% in the last 30 days and up over 8.5% since the first of the year. Across the nation however, inventory levels are dropping. Dothan has always lagged behind the national trends, so this isn’t totally unexpected. Although, such a sharp rise in a short amount of time is a little worrisome.
Absorption rate
Even though the number of homes for sale in Dothan has increased, pending sales are still relatively stable, which means the … (0 comments)
estate: Get up to $8,000 just for buying a home
- 02/20/09 05:28 AM
This article was originally posted on DothanHomeSearch.com Part of the new economic stimulus package just signed by President Obama aims to stimulate the housing market. This post is not to debate the merits of the plan, or even this specific provision of it. The purpose of this post is to give you, our Dothan area home buyers, the information you need to be able to take advantage of the $8,000 tax credit. Here is everything you need to know. Who gets to use it? First-time home buyers are eligible. First-time home buyers are defined as the folks who have not … (0 comments)
As expected, the number of homes for sale in Dothan has moved back up this month. As of this past Monday, there were 1012 houses listed for sale in the Dothan MLS, up from 979 in January. Inventory levels are seasonal just like sales are, so we expect this number to move up even more, although how much is hard to predict.
Absorption rate We have already talked about how pending sales are up significantly right now, but that rise has yet to translate into any increase in the number of homes sold … (0 comments)
estate: Dothan real estate market - February new construction report
- 02/16/09 06:42 AM
This article was originally posted by Judy Spears on DothanHomeSearch.com There were 13 permits issued in January for new homes to be built, which is coincidentally the lowest monthly figure since last January. Activity ramped up in February and March of 2008, so we will see if that happens again this year. Interestingly, there have been only a couple of permits issued where the valuation was over $300,000 in the past few months. Charles pointed out in last week’s Dothan real estate inventory report that this price range is basically dead in our area right now, new home market included. … (0 comments)
estate: Dothan real estate market - February sales report
- 02/16/09 06:37 AM
There was a fairly significant 20% drop in year over year home sales in the Dothan area for January. Last year, there were 63 homes sold in January, compared 50 this year. This number also represents the least number of homes sold in a month since way back in 2000. Looking at the pending sales chart for the last three months gives us some reason for optimism however. Pending sales have trended higher the past few weeks, which should mean that February and March sales numbers will be higher.
There are segments in the Dothan real estate market that are struggling. … (0 comments)
This article was originally posted on DothanHomeSearch.com ;)
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