This will hopefully be our last post on the real estate market of 2007. I am a firm believer that once something is history, you learn what you can from it and move on to bigger and better things. We don’t lament about what might have been here at CENTURY 21 Key Realty, we embrace the challenge of this market and work hard for our clients every day.
Here are the final numbers for homes sold and median price for 2007, compared to previous years.
The number of homes sold in Dothan in 2007 (1292) was down 9.7% from 2006 (1431). However, 2007 had the third highest number of homes sold ever, behind 2006 and 2005.
Median price dropped from a high of $134,500 in 2006 to $133,000 in 2007, a decrease of just over 1%. The typical Dothan home has increased in value a full 34% since 2003.
If you missed our outlook for the 2008 Dothan real estate market, you can take a look by clicking here.
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