market report: Dothan Real Estate Market Update - May Sales Report
- 05/13/08 09:17 AM
This article was originally posted on DothanHomeSearch.com Inventory and absorption rates will be updated next week. Remember that we are comparing year-to-year numbers to take into account the seasonality of home sales. So far this year, home sales are down just over 18% compared to the same period in 2007, but under 5% compared to 2006. Here are the sales and pending sales numbers through April. Pending sales in April fell about 10%. Considering that last month’s pending numbers were up significantly, we can conclude that March and April put together show about the same number of pending sales as those … (0 comments)
market report: 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)
market report: Dothan Real Estate Market - April Sales Update
- 04/15/08 07:05 AM
This article was originally posted on DothanHomeSearch.com Both homes sold and pending sales were up in March, a good sign that the Dothan real estate market is still healthy. New pending sales were up almost 25% over March, 2007 and last month. There were over 100 homes sold in February and March which is the first time that has happened in two consecutive months since last summer.
Pending home sales are at their highest level in several months. In fact, there are more pending sales right now than at any time since April, 2007. This a good measure of activity … (0 comments)
market report: 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)
market report: Dothan Real Estate Market Update - March Sales Report
- 03/14/08 07:29 AM
Originally posted on our website, www.dothanhomesearch.com. The number of homes sold in Dothan took a huge jump last month, climbing 55% over January numbers. In fact, the 95 houses sold in February was second highest monthly total since August. Sales and Pending Sales Pending sales through January and February have remained near 2007 levels. Pendings are a good sign of activity to come over the next 30 – 60 days, and one would expect these numbers to fall if the market were slowing. Next month, when the first quarter numbers are in, we’ll be able to look at a longer time … (0 comments)
market report: 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)
market report: Dothan Real Estate Market Update - February Sales Report
- 02/14/08 01:31 AM
As I mentioned in last month’s update, we are now focusing the monthly Dothan real estate market update on numbers that are most relevant month-to-month, such as pendings and solds, inventory levels, and absorption rate. Other statistics, such as median price, days on market, and list-to-sale price ratio, can fluctuate significantly each month, so we will analyze those each quarter instead. Inventory and absorption rates will be updated next week. Here are the sales and pending sales numbers. Sales and Pending Sales Real estate sales are seasonal. Activity slows here in the Dothan market during the winter months, and early spring … (0 comments)
This article was originally posted on DothanHomeSearch.com Inventory and absorption rates will be updated next week. Remember that we are comparing year-to-year numbers to take into account the seasonality of home sales. So far this year, home sales are down just over 18% compared to the same period in 2007, but under 5% compared to 2006.;)
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