The Dallas Georgia market absorption rate can tell us what is a great buy on your Dallas Georgia home purchase. The below example, it is for all Dallas Georgia homes priced between $100,000 to $125,000 and it shows Dallas Georgia homes have about a 50/50 chance of selling.
Interest rates are lower than they have been in 30-40 years. As a buyer today you may be able to get 30 year interest rates in the 3.5-4% range. This combined with the fact that home prices are lower than they have been in 30-40 years makes this the best time in history to buy a home. Lets look at the statistics over the last 12 months. Here is the February 2012 Market Absorption for Dallas Georgia homes ranging from $100K-125K.
Current number of homes on the market :87 :____
Number of homes that failed to sell in the past 12 months :456:____
Number of homes that Sold in past 12 months :235:____
Total number of homes sold per month :19.58:__
Total Months worth of Inventory :4.4_ :__
Current number of homes on the market :_87 :
Number of new inventory for this period :_21.75____
Total Inventory :_108.75___
Number of Homes that will sell :_58.74 ____ __54.1%____
Number of Homes that will not sell :_50.01___ ___45.9%____
Average Sold Price during the last 12 months _$108,374_
Dallas Georgia Homes are selling better now than they have in the last 12 months. You can see this in the below percentages from the last 12 months for Dallas Georgia homes ranging from $100K-125K
% of Homes Months Days on
Month that will sell of Inventory Market
February 2011 29.7% 8.9 75
March 2011 27.6% 9.4 74
April 2011 27.3% 8.4 79
May 2011 15.6% 9.7 81
June 2011 32.3% 9.7 81
July 2011 29.3% 9.7 81
August 2011 32.1% 9.0 83
September 2011 38.9% 7.7 85
October 2011 46.1% 5.2 82
November 2011 54.4% 4.4 86
December 2011 49.3% 4.9 87
January 2012 52.2% 4.6 86
February 2012 54.1% 4.4 81
If you find a Dallas Georgia home listed at $99,900 OR LESS and it should fall into the range of $100,000 to $125,000; MAKE AN OFFER! This will make sure you get a shot at buying the home. Be prepared to receive a multiple offer notification from the seller. You may be asked for your highest and best offer. Your agent can tell you what would still be a great deal and help you determine the best strategy to get you the home. The most important thing is to know your maximum offer price and NOT to go over it .NO MATTER WHAT!
There is a lot of free information available to you about buying, selling or investing in Dallas Georgia real estate. For complete information about the Dallas Georgia real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Dallas Georgia real estate at www.pauldingandpolk.com. Please feel free to contact me with any of your mortgage questions and I will me more than glad to answer your queries. Call me on my cell at 404 374 1620 or email me at firstname.lastname@example.org
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.