Dothan Real Estate Market Update - New Construction January update

By
Real Estate Broker/Owner with CENTURY 21 Key Realty

Judy Spears posted this on our company website, dothanhomesearch.com, today.

The number of new homes started in December was up from November, but considering that November had the fewest number of new homes started in at least five years, that isn’t much to get excited about.

Here is the trend over the last twelve months.

Jan07 Dothan residential building permits short term

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

Jan07 Dothan residential building permits long term

As of this morning, there were 239 new construction homes listed in the Dothan area MLS, up slightly from November. Again, the increasing number of homes listed means more and more unsold inventory is being added to the market.

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.

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