Dothan real estate market - February sales report

There was a fairly significant 20% drop in year over year home sales in the Dothan area for January. Last year, there were 63 homes sold in January, compared 50 this year. This number also represents the least number of homes sold in a month since way back in 2000.
Looking at the pending sales chart for the last three months gives us some reason for optimism however. Pending sales have trended higher the past few weeks, which should mean that February and March sales numbers will be higher.

There are segments in the Dothan real estate market that are struggling. The upper-end of the market (homes priced over $300,000) is really slow right now. In fact, there has only been one home sold in Dothan priced over $400,000 since the first of November; a short sale we had listed that was pending for nearly eight months. But sales in lower price ranges are down too, although the disparity is not nearly as graphic.