Dothan Real Estate Market Report - January New Construction Update
January 7th, 2008 - Categories: Dothan area Real Estate Market information, Inside the numbers, New construction homes in Dothan
By: Judy Spears
Broker Associate, CRS, ABR, GRI, CNHS
http://www.judyspears.com
The number of new homes started in December was up from November, but considering that November had the fewest number of new homes started in at least five years, that isn?t much to get excited about.
Here is the trend over the last twelve months.
Here is the trend over a longer period of time; the last three years
As of this morning, there were 239 new construction homes listed in the Dothan area MLS, up slightly from November. Again, the increasing number of homes listed means more and more unsold inventory is being added to the market.
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.
Possibly Related Posts
- Slowdown in Housing Starts effects everyone
- Dothan Real Estate Market Report - February New Construction Update
- Dothan Real Estate Market Update - February 2008 Sales report
This entry was posted on Monday, January 7th, 2008 at 10:16 am and is filed under Dothan area Real Estate Market information, Inside the numbers, New construction homes in Dothan. 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.
I think it’s a good idea to get some inventory off the market before building more new homes. But that is not always the way it happens. I don’t know why the builders build homes just to sit in this stagnant market.