Dallas Georgia Home supply is Extremely High. This means demand is low and prices are down. If you are thinking of buying your Dallas Georgia Home in today’s market, you MUST look at homes priced right when they first hit the market. If a home is priced right it will sell quickly and with little hassle. If you don’t get out and see these Dallas Georgia Homes right away, it won’t be on the market when you get to it. In addition you will have to look at a lot more homes to get the deal your looking to find. You will also see a lot of homes that have issues you will not want to deal with.
How can you know which homes are is priced right? By determining the absorption rate.
Let’s look at the below example, it is a for all the homes in Paulding County priced between $150,000 to $175,000. Statistically Dallas Georgia homes in this price range that don’t sell in 90 days or less have a 64.9% chance of not selling at all!
For Dallas Georgia Homes, here is the July 2011 Market Absorption for homes ranging from $150K-175K.
Current number of homes on the market :69 :____
Number of homes that failed to sell in the past 12 months :390:____
Number of homes that Sold in past 12 months :121:____
Total number of homes sold per month :10.08:__
Total Months worth of Inventory :6.8_ :__
Current number of homes on the market :_69 :___
Number of new inventory for this period :_17.25:__
Total Inventory :_86.25:_
Number of Homes that will sell :_30.25 :_ ___35.1%____
Number of Homes that will not sell :_56:_ ___64.9%____
Average Sold Price during the last 12 months _$157,237_
If you want to make sure you purchase a Dallas Georgia Home that is a great deal and with as little hassle as possible. You should watch for homes that ORIGINALLY come on the market between $141,500 and $149,375.
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