Dothan Real Estate Market Report - New construction

This article was originally posted on DothanHomeSearch.com

New home starts were up again in March, compared to the past few months. Spring typically means an increase, but as you can see from the graph, that wasn’t the case this time last year. If we see another good couple of months in April and May, we might be able to say the bottom of the new construction market in Dothan, Alabama has been reached. The three-year graph below seems to support this idea.

Here is the trend over the last twelve months.

Here is the trend over a longer period of time; the last three years.

As of this morning, there were 217 new construction homes listed in the Dothan area MLS, down about 5.5% from last month. Another positive sign that things might be turning about for Dothan area homebuilders.

If you have an interest in building or purchasing a new construction home, give me a call or use the contact form. As a Certified New Homes Specialist (CNHS), I have extensive training in the new home market and would be happy to consult with you on your real estate needs.