Dothan Real Estate Market Report – April 2009 New Construction
April 14th, 2009 - Categories: Inside the numbers, New construction homes in Dothan
By: Judy Spears
http://www.judyspears.com
So much for new home construction picking up. Granted we have only tracked this statistic since 2003, but the eight permits issued in March is the lowest monthly total we have seen. As you can see on the chart, new home starts have trended downward sharply over the last twelve months. We will have to wait another month to see if any sort of recovery can take hold.
The long term trend doesn’t look any better. New construction has been very flat over the last two years.
There are currently 246 new construction homes listed for sale in the Dothan MLS; about the same as in February. On the brighter side, there were 15 sales of new homes last month, which is up from February.The average price per square foot was $105.35 and the average days on market was 143 days.
If you have an interest in building or purchasing a new construction home, give me a call or use the contact form. As a Certified New Homes Specialist (CNHS), I have extensive training in the new home market and would be happy to consult with you on your real estate needs.
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