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 you should realistically expect to receive for the sell your Dallas Georgia Home. Let’s look at the below example, it is a for all the homes in Paulding County priced between $125,000 to $150,000.
Statistically homes that don’t sell in 90 days or less sell at or slightly below list price. Homes in the $125K-150K price range that are on the market longer than 90 days have a 64.7% chance of not selling at all! These are the homes you want to focus your search on. These sellers are beginning to believe they are not going to sell. They are also getting realistic on their price expectations.
For Dallas Georgia Homes, here is the October 2011 Market Absorption for homes ranging from $125K-150K.
Current number of homes on the market _____99 _________
Number of homes that failed to sell in the past 12 months _____542_________
Number of homes that Sold in past 12 months _____175_________
Total number of homes sold per month _____14.58_______
Total Months worth of Inventory _____6.8_ _______
Current number of homes on the market ______99 ________
Number of new inventory for this period ______24.75_______
Total Inventory ______123.75______
Number of Homes that will sell ______43.74 ______ ___35.3%____
Number of Homes that will not sell ______80.01_____ ___64.7%____
Average Sold Price during the last 12 months _$130,604_
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 at or below $117,500.
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