Dothan Real Estate Report - August Home Starts

Real Estate Broker/Owner with CENTURY 21 Key Realty

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The new home market here in the Dothan area seems to be gaining some traction, after a dismal 12–18 month down period. There were 28 new residential construction permits issued in July, up from 21 in June. Here is the trend over the last twelve months. August 2008 Dothan residential building permits short term Inventory of new construction homes on the market is down, which is another sign of a turnaround. There are currently 215 new construction homes listed in the Dothan area MLS, down from 221 last month. The median price of these listed homes is $195,400, which is about $60,000 above the overall market median. There were 15 sales of new construction homes in July according to data from the Dothan MLS, with an average price per square foot of $101.45 and average days on the market of 133 days. If you have an interest in building or purchasing a new construction home, give me a call or use the contact form. As a Certified New Homes Specialist (CNHS), I have extensive training in the new home market and would be happy to consult with you on your real estate needs.

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