If you shop at discount stores, you are there for one thing…..PRICE! Right now, in the Dallas Georgia Real Estate market is the same. Buyers are shopping by price, then everything else. If you price your home to high buyers with the thought that buyers can offer less and you will consider their offers; you may not get a single offer.
Just like any other product that is bought and sold, Dallas Georiga real estate is affected by supply and demand. There is a HUGE supply of homes on the market today and the demand is for the low price leader. By determining the absorption rate we can tell what you should realistically expect to sell your Dallas Georgia home for. Let’s look at the below example, it is a for all the homes in Paulding County priced between $100,000 to $125,000.
Statistically homes that don’t sell in 90 days or less don’t sell at all. As a matter of fact, Dallas Georgia Homes in the $100K-125K price range the market longer than 90 days have a 67.9% chance of not selling at all! Here is how we determine the absorption rate for Dallas Georgia Homes in the $100K-125K price range. These statistics are for Dallas Georgia Homes from $100K-125K, and are current as of August 1, 2011.
Current number of homes on the market _____126 _________
Number of homes that failed to sell in the past 12 months _____432_________
Number of homes that Sold in past 12 months _____202_________
Total number of homes sold per month _____16.83_______
Total Months worth of Inventory _____7.48_ _______
Current number of homes on the market ______126 ________
Number of new inventory for this period ______31.5_______
Total Inventory ______157.5______
Number of Homes that will sell ______50.49 ______ ___32.1%____
Number of Homes that will not sell ______107.41_____ ___67.9%____
Average Sold Price during the last 12 months _$108,368_
If you want to make sure your home is one of the 32.1% of Dallas Georgia homes that sells and with as little hassle as possible, we believe your list price should be between $97,500 and $102,900.
For a FREE Weekly List of 3 Plus Bedroom Dallas Georgia Homes under $100,000 with prices, addresses, and descriptions click the link, fill out the form below or call 877 566 0511 Ext. 4010