number of homes on the market leading to increased marketing time | Dothan Home Search, Dothan real estate blog from CENTURY 21 Key Realty

Dothan Real Estate Market – June 2009 Inventory Report

June 4th, 2009 - Categories: Dothan area Real Estate Market information, Inside the numbers

By: Charles Woodall

http://www.dothanhomesearch.com

CENTURY 21 Key Realty is Dothan real estate

Nothing much changing when it comes to the number of homes on the market in and around Dothan. This week, there still over 1,100 houses listed in the Dothan MLS for sale, up slightly from last month. As you can see from the graph, the number has done nothing but climb since the first of the year.

Dothan homes on market June 2009

Absorption rate

Home sales for the Dothan real estate market continue to be slow, and that is causing the months of inventory to now rise, back up to nearly 15 months of houses on the market. If no more homes came on the market, it would take over a year and three months to sell everything that is currently listed, based on the current rate of homes sold. This figure represents a market that is firmly in the corner of the buyer.

Dothan absorption rate June 2009

Here are inventory and absorption rate numbers for different price ranges.

Tags: absorption+rate, Dothan, real+estate+market

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This entry was posted on Thursday, June 4th, 2009 at 9:11 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.