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Dallas Georgia home supply is HIGH and demand is low. What happens when this is the case?

Posted by RCPAP on April 3, 2015
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Just like any other product that is bought and sold, real estate is affected by supply and demand. Today Dallas Georgia home supply is HIGH and demand is low. When this happens prices drop or if they’ve already dropped, they will stay low. By determining the absorption rate we can tell what you should realistically expect to receive when you sell your Dallas Georgia home. Let’s look at the below example, it is a for all the Dallas Georgia homes priced between $100,000 to $125,000.

As you read through these statistics you will see that Dallas Georgia homes in the $100K-125K price range that don’t sell in the first 90 days have a 61.13% chance of not selling at all! You don’t want you Dallas Georgia Home to be one of these.

For Dallas Georgia Homes, here is the September 2011 Market Absorption for homes ranging from $100K-125K.

Current number of homes on the market _____113 _________
Number of homes that failed to sell in the past 12 months _____449_________
Number of homes that Sold in past 12 months _____220_________
Total number of homes sold per month _____18.3_______
Total Months worth of Inventory _____6.17_ _______

Current number of homes on the market ______113 ________
Number of new inventory for this period ______28.25_______
Total Inventory ______141.25______
Number of Homes that will sell ______54.9 ______ ___38.87%____
Number of Homes that will not sell ______86.35_____ ___61.13%____

Average Sold Price during the last 12 months _$108,258_

If you want to make sure your home is one of the homes that sells as quickly as possible and with as little hassle as possible, we believe your list price should be between $100,000 and $105,000.

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