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
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 hasnt 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!