Dothan Real Estate Market Update for August, 2007
September 19th, 2007 - Categories: Dothan area Real Estate Market information, Inside the numbers
By: Charles Woodall
Managing Broker
http://www.dothanhomesearch.com
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.
At the same time, the number of homes sold in August fell almost 25% compared to August of 2006. Days on the market remained steady at 107 days average.
Other significant trends from this months report-
??? Percent of list price received by sellers dropped over 1%. That is the biggest drop in a single month when comparing last year to 2007 since March.
??? Median price for the year-to-date is still up over 2006, although by less than one percent. Still, with everything that is going on, that is certainly not bad news.
Possibly Related Posts
- A Chicken in Every Pot, and A Home on Every Street
- Dothan real estate market - August Sales report
- Dothan Real Estate Market - August Inventory Report
This entry was posted on Wednesday, September 19th, 2007 at 4:47 pm and is filed under Dothan area Real Estate Market information, Inside the numbers. 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.
