If you are looking to buy a Dallas Georgia Home priced between $125,000 and $150,000, you need to ACT NOW! The market is changing to favor the seller. Because real estate, just like any other product that is bought and sold, is affected by supply and demand we need to look at the Dallas Georgia market absorption rate to tell us what is a great buy on your Dallas Georgia home purchase.
The below statistics show Dallas Georgia homes, priced between $125,000 and $150,000, have a 60/40 chance of selling. While this is not the best statistic for buyers, as a buyer today you may be able to get 30 year interest rates in the 3.5-4% range. That is lower than rates have been since the mortgage industry began. This means money can be borrowed for 30 years without braking the bank. Here is the December 2011 Market Absorption for Dallas Georgia homes ranging from $125K-150K.
Current number of homes on the market _____81 _________
Number of homes that failed to sell in the past 12 months _____567_________
Number of homes that Sold in past 12 months _____162_________
Total number of homes sold per month _____13.5________
Total Months worth of Inventory _____6__ _______
Current number of homes on the market ______81 _____
Number of new inventory for this period ______20.25____
Total Inventory ______101.25___
Number of Homes that will sell ______40.5 ____ ___40%____
Number of Homes that will not sell ______60.75___ ___60%____
Average Sold Price during the last 12 months _$130,587_
Dallas Georgia Homes are selling better now than they have in the last 12 months. You can see this in the below percentages from the last 12 months for Dallas Georgia homes ranging from $125K-150K
% of Homes Months Days on
Month that will sell of Inventory Market
December 2010 25.8% 9.3 95
January 2011 26.8% 8.9 96
February 2011 25.8% 8.9 94
March 2011 25.7% 9.4 95
April 2011 26.1% 8.4 113
May 2011 23.1% 9.7 88
June 2011 22.7% 9.8 85
July 2011 24.4% 9.9 88
August 2011 26.6% 9.0 90
September 2011 33.9% 7.7 88
October 2011 35.3% 6.8 88
November 2011 35.6% 6.7 91
December 2011 40% 6 92
Dallas Georgia homes with GREAT prices get multiple offers. If you find a Dallas Georgia that should fall into the range of $125,000 to $150,000 and it is listed at or below $124,000; MAKE A SOLID OFFER! This will make sure you get a shot at buying the home. The seller may ask take your offer or ask for your “highest and best” offer. Your Dallas Georgia real estate agent can help guide you on what to offer, but the most important thing is to know your maximum offer price and NOT to go over it….NO MATTER WHAT!
There is a lot of free information available to you about buying, selling or investing in Dallas Georgia real estate. For complete information about the Dallas Georgia real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Dallas Georgia real estate at www.pauldingandpolk.com. Please feel free to contact me with any of your mortgage questions and I will me more than glad to answer your queries. Call me on my cell at 404 374 1620 or email me at craig@pauldingandpolk.com
For a FREE List of 3 Plus Bedroom Dallas Georgia Homes under $150,000 with prices, addresses, and descriptions click the link, fill out the form below or call 877 566 0511 Ext. 4010
