Dothan Real Estate Market Update - July
August 10th, 2007 - Categories: Dothan area Real Estate Market information, Inside the numbers, Real Estate News
By: Charles Woodall
Managing Broker
http://www.dothanhomesearch.com
The number of homes on the market continues to climb, although very slowly. There are more homes on the market in the Dothan area right now than at any time in the past five to six years. Click on the thumbnail to the right to see the market stats.
At the same time inventory is rising, sales closed in July took a nose dive compared to July, 2006, down a rather significant 20%. On the bright side, both median price and average sale price are up compared to July, 2006, while days on the market has only increased about two weeks. All three of these factors are important and show that while the market has softened, it hasn’t tanked. For example, the last time inventory was this high, days on the market averaged nearly five months.
If you have a question about the Dothan real estate market, please leave a comment below!
Possibly Related Posts
- Dothan Real Estate Market - July Inventory Report
- Monday Market Snapshot - July 21, 2008
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This entry was posted on Friday, August 10th, 2007 at 6:45 pm and is filed under Dothan area Real Estate Market information, Inside the numbers, Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Glad to see that your real estate market has not “tanked” as most of the media would like everyone to believe…just an adjustment.
- Gena Riede
[…] Another month, another significant jump in the number of homes on the market. It is well documented on this site how inventory has been steady increasing over the past 18 months. However, just in the past three months we have experienced an increase of nearly 14%, up to 885 homes listed at the end of August. Click on the thumbnail to the right to see the market stats. […]