Dothan Real Estate Market - January Inventory Report
January 11th, 2008 - Categories: Dothan area Real Estate Market information, Inside the numbers
By: Charles Woodall
Managing Broker
http://www.dothanhomesearch.com
Continuing the theme from yesterday, here is the new and improved Dothan real estate market inventory report, covering the inventory numbers and absorption rate.
Inventory
You?ll notice a slight drop in December. Also notice the slight drop last January. This is a typical winter occurrence. Inventory is back up to 913 single-family residences this morning, and will likely continue to move upward in the coming weeks.
Absorption rate
Simply put, the absorption rate is the amount of time it would take to sell every home on the market today, if no more homes were listed. This figure is calculated by taking the number of homes on the market and dividing it by the average number of homes sold each month (Three month moving average).
The absorption rate for January is 10.1 months, up slightly from December.
Again, I am looking for some feedback on these reports. Are you seeing the information that is important to you? Do you prefer a different format? Like the old updates better? Let us know by commenting below!
Possibly Related Posts
- Dothan Real Estate Market - February Inventory Report
- Dothan Real Estate Market Update - February 2008 Sales report
- Dothan Real Estate Market - March Inventory Report
This entry was posted on Friday, January 11th, 2008 at 8:53 am 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.
It looks encouraging to see inventory down in December, or was that just a seasonal flux? Great explanation of absorption rate! I know you’d rather hear from consumers in your area, but I couldn’t resist giving feedback - GREAT information you researched here.
[…] There were 22 homes sold in this area of Dothan in the last quarter of 2007, which translates to an absorption rate of 10.22 months. […]
[…] As predicted, inventory is back up this month, almost to the peak reached last October. Look for some fluctuation in the number of homes on the market, but we expect the level to remain around where it is now for the immediate future. […]