Monday Market Snapshot - June 29, 2009
June 29th, 2009 - Categories: Dothan area Real Estate Market information, Inside the numbers
By: Charles Woodall
Managing Broker
http://www.dothanhomesearch.com
| Homes on market | 1101 | DOWN |
| Median List price | $164,500 | UP |
| Avg $ per sq ft | $92.88 | DOWN |
| Avg days on market | 174 | UP |
| Least expensive listing | $10,000 | - |
| Most expensive listing | $1,950,000 | - |
| Pending sales | 184 | UP |
| Sales last 30 days | 71 | UP |
The number of homes for sale in and around Dothan has dropped back a bit in the last few weeks. The average dollars per square foot of homes listed as active on the market is at its lowest level since we started tracking that statistic on a weekly basis last July.
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Monday Market Snapshot - June 22, 2009
June 22nd, 2009 - Categories: Dothan area Real Estate Market information, Inside the numbers
By: Charles Woodall
Managing Broker
http://www.dothanhomesearch.com
| Homes on market | 1116 | DOWN |
| Median List price | $164,000 | UNCHANGED |
| Avg $ per sq ft | $93.29 | DOWN |
| Avg days on market | 171 | UP |
| Least expensive listing | $10,000 | - |
| Most expensive listing | $1,950,000 | - |
| Pending sales | 177 | DOWN |
| Sales last 30 days | 58 | DOWN |
Homes on the market are down slightly this week, but so are pending sales and homes sold in the last thirty days
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Monday Market Snapshot - June 15, 2009
June 16th, 2009 - Categories: Dothan area Real Estate Market information, Inside the numbers
By: Charles Woodall
Managing Broker
http://www.dothanhomesearch.com
| Homes on market | 1122 | UP |
| Median List price | $164,000 | DOWN |
| Avg $ per sq ft | $93.56 | DOWN |
| Avg days on market | 169 | DOWN |
| Least expensive listing | $10,000 | - |
| Most expensive listing | $1,950,000 | - |
| Pending sales | 181 | UP |
| Sales last 30 days | 66 | UP |
Pending sales are up again this week, rising to 181 homes. 30-day home sales are also up to their high level since late April. Looking at pricing parameters, both median list price and average dollars per square foot continue to fall.
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Dothan Real Estate Market Report - June 2009 New Construction
June 9th, 2009 - Categories: Inside the numbers, New construction homes in Dothan
By: Judy Spears
Broker Associate, CRS, ABR, GRI, CNHS
http://www.judyspears.com
After a sharp increase in home starts in April, the number of permits issued for new construction homes was down to just 17 in May. That number is also down from the 23 issued in May of last year. Year-to-date, new home permits issued are down nearly 27% from the same time period in 2008.
The number of new construction homes for sale around Dothan has dropped to 236 as of this morning, down from 257 houses listed last month. However, there were only 10 sales of new construction homes in May, with an average price per square foot of $101.33, and average days on the market of 160 days. That is another drop in price, and a slightly lower number of days on market.
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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Monday Market Snapshot - Dothan real estate picture on June 8, 2009
June 8th, 2009 - Categories: Dothan area Real Estate Market information, Inside the numbers
By: Charles Woodall
Managing Broker
http://www.dothanhomesearch.com
| Homes on market | 1114 | UP |
| Median List price | $164,900 | UNCHANGED |
| Avg $ per sq ft | $94.20 | DOWN |
| Avg days on market | 171 | DOWN |
| Least expensive listing | $10,000 | - |
| Most expensive listing | $1,950,000 | - |
| Pending sales | 174 | UP |
| Sales last 30 days | 57 | DOWN |
While the number of homes for sale in and around Dothan was up slightly again this week, the number of pending sales skyrocketed to a 12-month high. In fact, pending sales are up 34% since mid April.
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Dothan Real Estate Market - June 2009 Inventory Report
June 4th, 2009 - Categories: Dothan area Real Estate Market information, Inside the numbers
By: Charles Woodall
Managing Broker
http://www.dothanhomesearch.com
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.
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.
Here are inventory and absorption rate numbers for different price ranges.
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Monday Market Snapshot - May 25, 2009
May 25th, 2009 - Categories: Dothan area Real Estate Market information, Inside the numbers
By: Charles Woodall
Managing Broker
http://www.dothanhomesearch.com
| Homes on market | 1103 | UP |
| Median List price | $169,900 | UP |
| Avg $ per sq ft | $96.08 | UNCHANGED |
| Avg days on market | 175 | UP |
| Least expensive listing | $18,000 | - |
| Most expensive listing | $1,950,000 | - |
| Pending sales | 152 | DOWN |
| Sales last 30 days | 57 | UP |
The number of homes on the market in Dothan is back over 1100, while median list price is back up to almost $170,000.
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Monday Market Snapshot - May 18, 2009
May 18th, 2009 - Categories: Dothan area Real Estate Market information, Inside the numbers
By: Charles Woodall
Managing Broker
http://www.dothanhomesearch.com
| Homes on market | 1096 | DOWN |
| Median List price | $168,050 | UP |
| Avg $ per sq ft | $96.08 | UNCHANGED |
| Avg days on market | 174 | UP |
| Least expensive listing | $12,000 | - |
| Most expensive listing | $1,950,000 | - |
| Pending sales | 157 | UP |
| Sales last 30 days | 49 | DOWN |
Good signs this week - Pending sales are at their highest level since last summer, and the number of homes for sale around Dothan is down slightly, back below 1,100.
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Dothan Real Estate Market - May 2009 Inventory Report
May 12th, 2009 - Categories: Dothan area Real Estate Market information, Inside the numbers
By: Charles Woodall
Managing Broker
http://www.dothanhomesearch.com
As of yesterday, there are now over 1,100 houses listed for sale in and around Dothan. I remember back in 2000 and 2001 when that number reached 850, and we thought this market couldn’t possibly stand more than that. I guess I was wrong. As you can see on the graph, the number of homes for sale in Dothan has shot up over 15% in the last 12 months.
Absorption rate
Sales continue to be down from last year’s figures, but the absorption rate, a fancy term for the number of months of inventory on the market, continues to trend downward. There is currently just under 14 months of inventory on the market here in Dothan. In a healthy, balanced market, the number would be about half of that.
Here are inventory and absorption rate numbers for several areas around the Wiregrass.
| Sold | Active | Absorption | |
| Area | March/April | 5/12/2008 | Rate (months) |
| Dothan (northwest) - Midland City | 31 | 194 | 12.5 |
| Dothan - Southwest | 56 | 337 | 12.0 |
| Dothan - Northeast | 6 | 41 | 13.7 |
| Dothan - Southeast | 12 | 127 | 21.2 |
| Headland | 10 | 61 | 12.2 |
| Rehobeth - Taylor | 12 | 77 | 12.8 |
| Wicksburg - Pinckard - Newton | 1 | 28 | 56 |
| Slocomb - Hartford - Geneva County | 9 | 33 | 7.3 |
| Abbeville - Newville | 2 | 29 | 29 |
| Ashford - Cottonwood - Gordon | 8 | 52 | 13 |
| Columbia - Webb - Kinsey | 1 | 31 | 62 |
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Monday Market Snapshot - May 11, 2009
May 11th, 2009 - Categories: Dothan area Real Estate Market information, Inside the numbers
By: Charles Woodall
Managing Broker
http://www.dothanhomesearch.com
| Homes on market | 1103 | UP |
| Median List price | $165,900 | UNCHANGED |
| Avg $ per sq ft | $96.08 | DOWN |
| Avg days on market | 172 | UP |
| Least expensive listing | $12,000 | - |
| Most expensive listing | $1,950,000 | - |
| Pending sales | 145 | UP |
| Sales last 30 days | 55 | DOWN |
The number of homes for sale in and around Dothan has now topped 1100. Pending sales have trended upward in the last few weeks, while the number of homes sold has gone down.
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