Real estate is affected by supply and demand, just like any other product that is bought and sold. The Dallas Georgia market absorption rate can tell us what is a great buy on your Dallas Georgia home purchase. The below example, it is for all Dallas Georgia homes priced between $100,000 to $125,000.
The below statistics show Dallas Georgia homes have a 50/50 chance of selling. As a buyer that is not great for you, BUT, remember interest rates are lower than they have EVER been. As a buyer today you may be able to get 30 year interest rates in the 3.5-4% range. This means money is extremely cheap to borrow for 30 years. This combined with the fact that home prices are lower than they have ever been makes this the perfect storm. Let’s look at the statistics over the last 12 months. Here is the December 2011 Market Absorption for Dallas Georgia homes ranging from $100K-125K.
Current number of homes on the market _____95 _________
Number of homes that failed to sell in the past 12 months _____483_________
Number of homes that Sold in past 12 months _____234_________
Total number of homes sold per month _____19.5_______
Total Months worth of Inventory _____4.9_ _______
Current number of homes on the market ______95 _____
Number of new inventory for this period ______23.75____
Total Inventory ______118.75___
Number of Homes that will sell ______58.5 ____ __49.3%____
Number of Homes that will not sell ______60.25___ ___50.7%____
Average Sold Price during the last 12 months _$108,241_
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 $100K-125K
% of Homes Months Days on
Month that will sell of Inventory Market
December 2010 38.4% 9.3 72
January 2011 31% 8.9 74
February 2011 29.7% 8.9 75
March 2011 27.6% 9.4 74
April 2011 27.3% 8.4 79
May 2011 15.6% 9.7 81
June 2011 32.3% 9.7 81
July 2011 29.3% 9.7 81
August 2011 32.1% 9.0 83
September 2011 38.9% 7.7 85
October 2011 46.1% 5.2 82
November 2011 54.4% 4.4 86
December 2011 49.3% 4.9 87
Dallas Georgia homes with GREAT prices get multiple offers. If you find a Dallas Georgia home listed at $99,900 or less and it should fall into the range of $100,000 to $125,000; MAKE AN OFFER! This will make sure you get a shot at buying the home. Be prepared to receive a multiple offer notification from the seller. You may be asked for your “highest and best” offer. In this case it is good to have a Dallas Georgia real estate agent who knows the Dallas Georgia real estate market. Your agent can tell you what would still be a great deal and help you determine the best strategy to get you the home. 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
