Just like any other product that is bought and sold, real estate is affected by supply and demand. Today, there is an enormous amount of Dallas Georgia homes on the market. If they are priced right folks are snapping them up quickly. How can you determine if it is a great deal or not. By determining the absorption rate. With the absorption rate you can KNOW if you are getting a good or a great deal on your Dallas Georgia home. Let’s look at the below example, it is a for all the Dallas Georgia homes priced between $125,000 to $150,000.
As you read through these statistics you will see that Dallas Georgia homes in the $125K-150K price range that don’t sell in the first 90 days have a 69.1% chance of not selling at all! Your Dallas Georgia Home selling specialist, Craig Summers, knows how to help you focus on the seller who are getting close to the 90 day mark. They are in fear of not selling their home and you can negotiate from a position of strength.
For Dallas Georgia Homes, here is the September 2011 Market Absorption for homes ranging from $125K-150K.
Current number of homes on the market _____116 _________
Number of homes that failed to sell in the past 12 months _____526_________
Number of homes that Sold in past 12 months _____179_________
Total number of homes sold per month _____14.92_______
Total Months worth of Inventory _____7.77_ _______
Current number of homes on the market ______116 ________
Number of new inventory for this period ______29_______
Total Inventory ______145______
Number of Homes that will sell ______44.76 ______ ___33.9%____
Number of Homes that will not sell ______100.24_____ ___69.1%____
Average Sold Price during the last 12 months _$130,166_
For homes in this price range that are move in ready, a good deal would be anything under $117,000.
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
