Just like any other product that is bought and sold, real estate is affected by supply and demand. By determining the absorption rate we can tell what you should realistically expect to pay for your Dallas Georgia home purchase. Let's look at the below example, it is a for all the Dallas Georgia Homes in Paulding County priced between $100,000 to $125,000.
Statistically Dallas Georgia Homes in the $100K-125K price range that are on the market longer than 90 days have a 70.7% chance of not selling at all! Dallas Georgia homes on the market for 60 days or more are the homes you want to focus your search on. These sellers are beginning to believe they are not going to sell. They are also getting realistic on their price expectations.
For Dallas Georgia Homes, here is the July 2011 Market Absorption for homes ranging from $100K-125K.
Current number of homes on the market _____140 _________
Number of homes that failed to sell in the past 12 months _____419_________
Number of homes that Sold in past 12 months _____205_________
Total number of homes sold per month _____17.08_______
Total Months worth of Inventory _____8.2_ _______
Current number of homes on the market ______140 ________
Number of new inventory for this period ______35_______
Total Inventory ______175______
Number of Homes that will sell ______51.25______ ___29.3%____
Number of Homes that will not sell ______123.75_____ ___70.7%____
Average Sold Price during the last 12 months _$108,801_
If you are going to purchase a Dallas Georgia Home, you want to make sure you don't pay too much. This is one example of Dallas Georgia homes for sell in the $100,000 to $125,000 price range. If you have any questions about other price ranges in Dallas Georgia, check us out at www.pauldingandpolk.com or call 404 374 1620.
For a FREE Weekly List of 3 Plus Bedroom Dallas Georgia Homes under $100,000 with prices, addresses, and descriptions click the link, fill out the form below or call 877 566 0511 Ext. 4010
