This article was originally posted on DothanHomeSearch.com
May was a strong month for home sales around the Dothan area. The number of homes sold was up around 20% over April, and with 122 homes sold, May of 2008 almost equaled the 124 sold in May, 2007.
The number of pending home sales has been fairly stable since the first of the year, and has closely followed last years numbers. There were a little over 80 homes listed as pending as June began. Again, we look at pending home sales as a good measure of activity to come in the next 30 to 60 days.
Despite a couple of bumps, the number of homes sold has closely followed totals from last year, albeit about 15% lower overall. We hit a big slowdown in mid-summer last year, and it remains to be seen whether the same will happen this year, since summer is getting cranked up.
I'll have a report on inventory and absorption rates later in the 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. 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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