Dothan Real Estate Market Update - February Inventory Report

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 listed, based on current sales rates.

Inventory and absorption rates can vary between different areas around Dothan. If you would like to see these numbers for a particular area, drop us an email or leave a comment below with your request!