Dothan Real Estate Market – March 2009 Inventory Report
March 17th, 2009 - 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 area continues to rise, moving up almost 5% in the last 30 days and up over 8.5% since the first of the year. Across the nation however, inventory levels are dropping. Dothan has always lagged behind the national trends, so this isn’t totally unexpected. Although, such a sharp rise in a short amount of time is a little worrisome.
Absorption rate
Even though the number of homes for sale in Dothan has increased, pending sales are still relatively stable, which means the absorption rate, or the number of months it would take to clear the market if no more houses were listed, has moved down by a couple of months. There is currently 15.92 months of inventory on the market here in Dothan.
Here are inventory and absorption rate numbers for several areas around the Wiregrass.
| Sold | Active | Absorption | |
| Area | February | 3/15/2008 | Rate (months) |
| Dothan (northwest) – Midland City | 19 | 181 | 13.9 |
| Dothan – Southwest | 21 | 333 | 16.9 |
| Dothan – Northeast | 4 | 42 | 14 |
| Dothan – Southeast | 14 | 120 | 14.4 |
| Headland | 3 | 46 | 27.5 |
| Rehobeth – Taylor | 2 | 75 | 22.5 |
| Wicksburg – Pinckard – Newton | 2 | 28 | 12 |
| Slocomb – Hartford – Geneva County | 3 | 36 | 27.1 |
| Abbeville – Newville | 0 | 28 | 84.9 |
| Ashford – Cottonwood – Gordon | 2 | 56 | 28 |
| Columbia – Webb – Kinsey | 1 | 29 | 12.4 |
Keep in mind that the absorption rate is based on a three-month average of sales.
