30 year mortgage interest rates are the lowest they’ve been in a 30 year history.  Google it, you’ll find charts showing the rates over the last 30 years.  As of today, QuickenLoans is reporting 30-year Fixed-Rate Loan at 3.99% with the Annual Percentage Rate (APR) at 4.186%

If you have been thinking of buying a Dallas Georgia home, NOW IS THE TIME!  In 6 of the last 12 months  the number of Dallas Georgia homes available to purchase in the $125,000-$150,000 price range has fallen!  The total months of inventory over the last 12 months are as follows:

October 2010 - Months of inventory = 9.5
November - Months of inventory = 8.5
December - Months of inventory = 9.3
January - Months of inventory = 8.9
February - Months of inventory = 8.9
March - Months of inventory = 9.4
April - Months of inventory = 8.4
May - Months of inventory = 9.7
June - Months of inventory = 9.8
July - Months of inventory = 9.9
August - Months of inventory = 9.0
September - Months of inventory = 7.7

As with any other product, Dallas Georgia home sales are supply and demand driven.  Interest rates are at historic lows and folks are buying up the available supply.  When the supply goes down, the price goes up!   Below is the absorption rate for Dallas Georgia Homes over the last 12 months.  Because of the change we are seeing in the market we are seeing Dallas Georgia homes selling AT or just below listed price.  Deep discounts on properties are starting to become less likely as buyers are scooping up homes.  If you want to buy a Dallas Georgia home and get an amazing deal, you’ve got to buy NOW!

For Dallas Georgia Homes, here is the October 2011 Market Absorption for homes ranging from $125K-150K.

Current number of homes on the market                                            _____99 _________
Number of homes that failed to sell in the past 12 months                ______542_____
Number of homes that Sold in past 12 months                                  _____175_______
Total number of homes sold per month                                              _____14.58_______
Total Months worth of Inventory                                                       _____6.8 _______

Current number of homes on the market                    ______99  ________
Number of new inventory for this period                   ______24.75_______
Total Inventory                                                           ______123.75______
Number of Homes that will sell                                  ______43.74 ______              ___35.3%____
Number of Homes that will not sell                            ______80.01_____              ___64.7%____

 Average Sold Price during the last 12 months                             _$130,604_

So, what does this mean to you as a Dallas Georgia home buyer?  In the $125K-150K price range, we believe any Dallas Georgia home priced at $124,000 or less will sell quickly.  If you are thinking of buying it is time to make your purchase before we see prices begin to rise. 

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