absorption rates: Dothan Real Estate - December 2008 Inventory Report
- 12/22/08 07:14 AM
There hasn’t been much movement either up or down in the number of homes for sale in the Dothan MLS over the past several weeks. Single family houses for sale peeked around 1,030 in early November, but have since settled back down to around the 1,000 mark. Considering that an increase in inventory during the fall is very common, it looks as though the top may have been reached. We will know after the first of the year, when another surge upward could occur.
Absorption rate A big fall in the number of homes sold in November (more … (1 comments)
absorption rates: Dothan Real Estate Report - July Inventory
- 07/28/08 08:41 AM
This article was originally posted at DothanHomeSearch.com The number of homes for sale in and around Dothan fell back last month from the all-time high in May. As of July 1, there were 954 single family homes on the market. However, if you read yesterday’s real estate market update, you know that we are back up over 970 this week. Inventory We seem to be stuck, at least for the time being, at between 950 and 975 homes on the market, which again means we are in a strong buyers market. It is hard to imagine much fluctuation in these numbers … (0 comments)
absorption rates: Dothan area absorption rates
- 06/06/08 03:55 AM
This article was originally posted on DothanHomeSearch.com We have discussed absorption rates in previous posts, but always from the view of the overall Dothan area real estate market. Today we're going to look at some different areas of the overall market, specifically the different areas defined by the Dothan MLS. First, a brief explanation of the MLS areas is in order. The layout of Dothan lends itself to being easily divided out into geographical areas. The major north-south highway is US 231/431, while traveling on US 84 (Main Street) gets you from east to west. Dothan is circled by Alabama Hwy … (2 comments)
absorption rates: Dothan Real Estate Trends - 1st Quarter 2008
- 04/22/08 03:43 AM
This article was originally posted on DothanHomeSearch.com At the end of each quarter, we look at some Dothan real estate market statistics that don’t fit well into one of our monthly reports. That is not to diminish their importance however. Median Price Median price can vary significantly from month-to-month, so we compare quarters to help smooth out the bumps. Median price is used instead of average price because it reflects the midpoint, or the price where half the homes sold at a higher price and the other half sold at a lower price. The median price from the Dothan MLS for … (0 comments)
absorption rates: Dothan Real Estate Market Update - March Inventory Report
- 03/20/08 10:03 AM
February brought a nice upturn after a couple of months of slow activity. As we discussed last week, sales were strong and pending sales are good. How about inventory? I’m glad you asked. Inventory Inventory was down in February, with 928 single family units on the market for sale. Looking at the graph, inventory has remained fairly steady since fall. We could stand to shed 100 or so listings, but as long as the number doesn’t start going back up again, the market will be ok.
Absorption rate The absorption rate for March is up to 12.16 months. Because we … (0 comments)
absorption rates: Dothan Real Estate Market Update - February Inventory Report
- 02/21/08 03:18 AM
January is usually our slowest month. Looking at the sales numbers from last week bares that out. When sales slow, inventory typically rises. Inventory As predicted, inventory is back up this month, almost to the peak reached last October. Look for some fluctuation in the number of homes on the market, but we expect the level to remain around where it is now for the immediate future.
Absorption rate The absorption rate for February is up to 11.76 months. In other words, if no more homes where added to the market, it would take nearly a year to sell everything currently … (0 comments)
absorption rates: What is Absorption Rate? (No, it doesn't have anything to do with toilet paper)
- 09/11/07 03:12 AM
I have been trying to find a better way to convey to our audience how the Dothan real estate market has changed in the past 18-24 months. I have mentioned in several previous posts about how inventory has doubled during that time span, and what effect that has had on market time. I have found another way to present this information to you, our readers, and it has to do with something called absorption rate. Simply put, the absorption rate is the amount of time it would take to sell every home on the market today, if no more homes were listed. … (0 comments)
There hasn’t been much movement either up or down in the number of homes for sale in the Dothan MLS over the past several weeks. Single family houses for sale peeked around 1,030 in early November, but have since settled back down to around the 1,000 mark. Considering that an increase in inventory during the fall is very common, it looks as though the top may have been reached. We will know after the first of the year, when another surge upward could occur. ;)
;)
