As I mentioned in last month’s update, we are now focusing the monthly Dothan real estate market update on numbers that are most relevant month-to-month, such as pendings and solds, inventory levels, and absorption rate. Other statistics, such as median price, days on market, and list-to-sale price ratio, can fluctuate significantly each month, so we will analyze those each quarter instead. Inventory and absorption rates will be updated next week. Here are the sales and pending sales numbers. Sales and Pending Sales Real estate sales are seasonal. Activity slows here in the Dothan market during the winter months, and early spring and mid-summer are usually the busiest. So when looking at numbers for pendings and solds, we need to compare current data with the same months in previous yea...
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