Dothan Real Estate Market - February Inventory Report
February 21st, 2008 - Categories: Dothan area Real Estate Market information, Inside the numbers
By: Charles Woodall
Managing Broker
http://www.dothanhomesearch.com
January is usually our slowest month. Looking at the sales numbers from last week bares that out. When sales slow, inventory typically rises.
Inventory
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.
Absorption rate
The absorption rate for February is up to 11.76 months. In other words, if no more homes where added to the market, it would take nearly a year to sell everything currently listed, based on current sales rates.
Inventory and absorption rates can vary between different areas around Dothan. If you would like to see these numbers for a particular area, drop us an email or leave a comment below with your request!
Possibly Related Posts
- Dothan Real Estate Market - March Inventory Report
- Dothan Real Estate Market Report - February New Construction
- Dothan Real Estate Market Update - February 2008 Sales report
This entry was posted on Thursday, February 21st, 2008 at 8:11 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.
