Dothan Real Estate Market - November Inventory Report
November 11th, 2008 - Categories: Dothan area Real Estate Market information, Inside the numbers
By: Charles Woodall
http://www.dothanhomesearch.com
The number of homes for sale in the Dothan real estate market has risen about 5% in the last 30 days. As of yesterday morning, there were 1031 single-family houses listed for sale in the Dothan MLS, up from 987 on the first Monday of October. While other markets around the country have seen their inventory numbers go down over the summer, Dothan has remained steady to up slightly. Now that the fall slowdown is here, who knows where the ceiling might be.
An increase in inventory during the fall is very common. Sales typically start slowing down in September and usually without a corresponding drop in the number of folks that put their home on the market.
Absorption rate
Rising inventory and slowing sales mean the absorption rate is going to go up. We now have ten and a half months worth of homes on the market in Dothan, up from nine months 30 days ago. However, this number is only slightly higher than the 10.17 months of inventory in November of 2007.
Here are inventory and absorption rate numbers for several areas around the Wiregrass.
| Sold | Active | Absorption | |
| Area | October | 11/10/2008 | Rate (months) |
| Dothan (northwest) - Midland City | 13 | 173 | 13.3 |
| Dothan - Southwest | 32 | 305 | 9.53 |
| Dothan - Northeast | 0 | 38 | - |
| Dothan - Southeast | 9 | 115 | 12.78 |
| Headland | 3 | 52 | 17.3 |
| Rehobeth - Taylor | 2 | 7 | 3.5 |
| Wicksburg - Pinckard - Newton | 1 | 25 | 25 |
| Slocomb - Hartford - Geneva County | 1 | 34 | 34 |
| Abbeville - Newville | 1 | 30 | 30 |
| Ashford - Cottonwood - Gordon | 1 | 48 | 48 |
| Columbia - Webb - Kinsey | 2 | 25 | 12.5 |
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