Dothan real estate market - October Sales report
October 16th, 2008 - Categories: Buying a home in the Dothan area, Dothan area Real Estate Market information, Selling a home in the Dothan area
By: Charles Woodall
http://www.dothanhomesearch.com
The Dothan real estate market has always seemed to me to buck the trends seen in other markets. There are several reasons for this, including our diverse economy and our proximity to other larger cities. So, while sales are slow in other markets, the number of houses sold in Dothan in the third quarter was actually up slightly compared to the third quarter of 2007 (319 homes to 310). Whatever the reason, the real estate market in the Dothan, Alabama area is still fairly healthy at this point in time.
As expected this time of year, pending homes sales have dropped off. There are 131 homes listed in pending status this week, down from the 150 or so we had in mid September. Pending sales are the best indicator of future activity, and usually correlate closely with sales figures 3060 days out.
Year-to-date, Dothan area home sales are running about 10% behind last year, with numbers comparable to 20032004 sales. Median selling price so far this year is $132,500, which is down just slightly from last year’s $133,000.
If you are reading this and wondering if it is a good time to buy or sell a home in Dothan, then we need to talk. Pick up the phone and call me at the office, 3347936990, or on my cell, 3345960808. Im not going to give you a hard sell or anything like that, we will just talk about your situation and try to figure out what is best for you right now. Sound fair?
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