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NOW IS THE TIME TO SELL! The Dallas Georgia home market is changing!

Posted by RCPAP on April 27, 2015
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Interest rates are lower than they have EVER been and the chance of your home selling is improving. Today’s buyers are able to get 30 year interest rates in the 3-5% range. This means it is extremely cheap to borrow money for 30 years. From the statistics below, for Dallas Georgia homes priced between $125,000 and $150,000, we can tell these homes have a 60/40 chance of selling. That may not sound great, BUT, remember interest rates are lower than they have EVER been. All the buyers that have been waiting for the perfect opportunity to buy a Dallas Georgia home have found it and they are buying. Let’s look at the statistics over the last 12 months. Here is the December 2011 Market Absorption for Dallas Georgia homes ranging from $125K-150K.

Current number of homes on the market _____81 _________
Number of homes that failed to sell in the past 12 months _____567________
Number of homes that Sold in past 12 months _____162________
Total number of homes sold per month _____13.5_______
Total Months worth of Inventory _____6_ _______

Current number of homes on the market ______81 _____
Number of new inventory for this period ______20.25____
Total Inventory ______101.25___
Number of Homes that will sell ______40.5 ____ __40%____
Number of Homes that will not sell ______60.75___ __60%____

Average Sold Price during the last 12 months _$130,587_

Here are the percentages over the last 12 months for Dallas Georgia homes ranging from $125K-150K

% of Homes Months Days on
Month that will sell of Inventory Market
December 2010 25.8% 9.3 95
January 2011 26.8% 8.9 96
February 2011 25.8% 8.9 94
March 2011 25.7% 9.4 95
April 2011 26.1% 8.4 113
May 2011 23.1% 9.7 88
June 2011 22.7% 9.8 85
July 2011 24.4% 9.9 88
August 2011 26.6% 9.0 90
September 2011 33.9% 7.7 88
October 2011 35.3% 6.8 88
November 2011 35.6% 6.7 91
December 2011 40% 6 92

You can see over the last 5 months the percentage of homes selling has gone up, while the months of inventory has gone down. This situation causes homes with GREAT prices to receive multiple offers. Multiple offers creates a war between buyers pushing the price of your home above the listed price. If your home falls into the range of $125,000 to $150,000 and you want to make sure your home is one of the homes that sells as quickly as possible, with as little hassle as possible, and for the most money possible; we believe your list price should be between $117,500 and 123,900. You may think that is low, but remember we are going to create a war between buyers pushing the price of your home above the listed price.

There is a lot of free information available to you about buying, selling or investing in Dallas Georgia real estate. For complete information about the Dallas Georgia real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Dallas Georgia real estate at www.pauldingandpolk.com. Please feel free to contact me with any of your mortgage questions and I will me more than glad to answer your queries. Call me on my cell at 404 374 1620 or email me at craig@pauldingandpolk.com

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