Dothan Real Estate Market Update - March Sales Report

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 line and maybe confirm this trend.

The number of homes sold continues to trend at or near 2007 levels. Again, we would expect to see a fall off of those numbers if the market was slowing, but that just doesn’t seem to be the case.

I have commented in recent market reports that the real estate market here in Dothan, like almost everywhere else, is unsteady at the moment. I think the evidence this month is that the market is not as unsteady as I thought.

Are you wondering if now is the time to buy a home? Do you have questions about how these statistics play into your decision? Help is just a phone call or email away! And that help is free and doesn’t obligate you to anything. Just give us a call or contact us and we’ll make every effort to answer your questions professionally and thoughfully, and always tell you exactly what you NEED to hear, not necessarily what you WANT to hear.