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 receive for your Dallas Georgia Home sale. Let’s look at the below example, it is a for all the Dallas Georgia homes priced between $150,000 to $175,000.
Statistically homes that don’t sell in 90 days or less sell at a lower price. Homes in the $150K-175K price range that are on the market longer than 90 days have a 69.9% chance of not selling!
So how can you sell your Dallas Georgia Home? Lets look at the Dallas Georgia market absorption rate.
For Dallas Georgia Homes, here is the November 2011 Market Absorption for homes ranging from $150K-175K.
Current number of homes on the market _____81 _________
Number of homes that failed to sell in the past 12 months _____424_________
Number of homes that Sold in past 12 months _____122_________
Total number of homes sold per month _____10.16_______
Total Months worth of Inventory _____7.97_ _______
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 ______30.48 ______ ___30.1%____
Number of Homes that will not sell ______70.77_____ ___69.9%____
Average Sold Price during the last 12 months _$156,695_
There are 10.16 Dallas Georgia homes selling each month in the $150K-175K price range. There are only 81 Dallas Georgia homes on the market and it will only take 7.97 months to sell all of these homes in this price range. This means the the demand is increasing, supply is low, and prices are begining to rise. The average sold price in the $150K-175K price range during the last 12 months in Dallas Georgia was $156,695. In this environment we are seeing homes that are priced at or below this price get multiple offers. This means people who are interested will offer more than the list price for the home. They get into an offer war and the price point gets pushed up. If you want to make sure you are able to sell your Dallas Georgia home for the best possible price, you need to sell today! Over the next few months prices should rise further. We suspect in the spring of 2012 we will see prices go up even more. DON’T WAIT! If you want to sell your Dallas Georgia home in the $150K-175K price range you need to get it on the market for $139,900 to $145,900.
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