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 to come in the next 30 to 60 days.
The number of homes sold is closely following totals from last year, which is another good sign that the Dothan housing market is in good shape. As you can see just to your right, mortgage rates are below 6% and the Dothan area economy is in good shape.
I’ll have a more detailed trends analysis in the coming days, so watch for that, and a report on inventory will be posted next week.
If you are reading this and wondering if it is a good time to buy or sell a home in Dothan, then we need to talk. Pick up the phone and call me at the office, 334–793–6990, or on my cell, 334–596–0808. If you prefer, you can drop me an email at charles(at)dothanhomesearch(dot)com. I’m not going to give you a hard sell or anything like that, we will just talk about your situation and try to figure out what is best for you right now. Sound fair?
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