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 home purchase.  Let's look at the below example, it is a sample of homes priced between $150,000 to $175,000. 

Homes in the $175K-200K price range that are on the market longer than 88 days have a 69.5% chance of not selling at all!  These 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 March 2010 Market Absorption for homes ranging from $175K-$200K.

Current number of homes on the market                                            _____57 _________
Number of homes that failed to sell in the past 12 months                _____168_________
Number of homes that Sold in past 12 months                                  _____87_________
Total number of homes sold per month                                              _____7.25_______
Total Months worth of Inventory                                                       _____7.86   _______

Current number of homes on the market                    ______57  ________
Number of new inventory for this period                   ______14.25_______
Total Inventory                                                           ______71.25______
Number of Homes that will sell                                  ______21.75 ______              ___30.5%____
Number of Homes that will not sell                            ______49.5 ______              ___69.5%____

 Average Sold Price during the last 12 months                             _$181,330_

Based on the above information, we believe your offers should begin at a minimum of 10% below the market.  In this example that would be roughly $163,197.

For a FREE List of 3 Plus Bedroom Dallas Georgia Homes under $100,000 click the link or fill out the form below.