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 Dallas Georgia homes priced between $200,000 to $225,000 should realistically sell for.
For Dallas Georgia Homes, here is the June 2011 Market Absorption for homes ranging from $200K-225K.
Current number of homes on the market :37 :____
Number of homes that failed to sell in the past 12 months :152:____
Number of homes that Sold in past 12 months :44:____
Total number of homes sold per month :3.67:__
Total Months worth of Inventory :10.1_ :__
Current number of homes on the market :_37 :___
Number of new inventory for this period :_11:__
Total Inventory :_48:_
Number of Homes that will sell :_11.01 :_ ___23%____
Number of Homes that will not sell :_36.99: ___77%____
Homes in the $200K-225K price range that are on the market longer than 90 days have a 77% chance of not selling at all! If you are looking to purchase a home in the $200-$225 price range you should look at what is available in that price range so you know what is out there. Then, you should actually search for homes similar to what you’ve seen, but priced between $178,900 and $188,900. Anything less than $178,900 is a smoking hot deal and you should act quickly to purchase it.
For a FREE Weekly List of 3 Plus Bedroom Dallas Georgia Homes under $100,000 with prices, addresses, and descriptions click the link or fill out the form below.