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Lowest Rates in History and Lowest number of Dallas Georgia homes on the market! We are at the bottom of the market, IT IS TIME TO GET OFF THE FENCE & BUY!

Posted by RCPAP on January 8, 2016
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30 year mortgage interest rates are the lowest they’ve been in a 30 year history. Google it, you’ll find charts showing the rates over the last 30 years. As of today, QuickenLoans is reporting 30-year Fixed-Rate Loan at 3.99% with the Annual Percentage Rate (APR) at 4.186%

If you have been thinking of buying a Dallas Georgia home, NOW IS THE TIME! In 6 of the last 12 months the number of Dallas Georgia homes available to purchase in the $125,000-$150,000 price range has fallen! The total months of inventory over the last 12 months are as follows:

October 2010 – Months of inventory = 9.5
November – Months of inventory = 8.5
December – Months of inventory = 9.3
January – Months of inventory = 8.9
February – Months of inventory = 8.9
March – Months of inventory = 9.4
April – Months of inventory = 8.4
May – Months of inventory = 9.7
June – Months of inventory = 9.8
July – Months of inventory = 9.9
August – Months of inventory = 9.0
September – Months of inventory = 7.7

As with any other product, Dallas Georgia home sales are supply and demand driven. Interest rates are at historic lows and folks are buying up the available supply. When the supply goes down, the price goes up! Below is the absorption rate for Dallas Georgia Homes over the last 12 months. Because of the change we are seeing in the market we are seeing Dallas Georgia homes selling AT or just below listed price. Deep discounts on properties are starting to become less likely as buyers are scooping up homes. If you want to buy a Dallas Georgia home and get an amazing deal, you’ve got to buy NOW!

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_

So, what does this mean to you as a Dallas Georgia home buyer? In the $125K-150K price range, we believe any Dallas Georgia home priced at $124,000 or less will sell quickly. If you are thinking of buying it is time to make your purchase before we see prices begin to rise.

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

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