Home Sales Have Increased

By: Cynthia Washington Email
By: Cynthia Washington Email

People have been buying and selling homes at a faster rate since 2008.
Alabama Real estate Center Released positive numbers for the Dothan real estate market.

Home sales have jumped 7.3% from January to May of 2012 versus January to May of this year.

"You've had a 7.3% increase in sales which is awesome for us," said Gina Grant manager broker at Century 21.

Realtors say there are several reasons for the increase.

"We are seeing jobs come into the area from commercial jet, the medical school and so we are really seeing a lot of people coming in from other areas and this is really shaping up to be one of the best years in the last four or five" said William Wilburn realtor at Coldwell Banker.

"The optimism of the buyers in the market I think that our mayor and everyone is working hard at getting some new industry in the area we've got a lot more people come into Dothan so I think people are just ready to buy and the interest rates are starting to creep up so if they were looking at all that kind of motivated people to get out and go buy something," said Grant.

And people are buying.

"Our phones are ringing people are coming in, we are busier, there is an undeniable uptick in activity and demand for homes in Dothan," said Wilburn.

Although the activity has increased realtors don't think this large of an increase will last forever.

"I think 7.3 is a more positive number I don't know that it will be 7.3 going forward but certainly that is encouraging and we are all cautiously optimistic that that will continue along with improvements in the economy," said Wilburn.

Whether it's an older home or new home, realtors say business is booming for the circle city.

The average time it takes a home to sell in Dothan is five months.
But realtors say if you plan ahead it could be sooner.

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