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 sell your Dallas Georgia home for. Let's look at the below example, it is for all the homes in Dallas Georgia homes priced between $100,000 to $125,000.
Statistically these Dallas Georgia homes have a 50/50 chance of selling. That may not sound great, BUT, remember interest rates are lower than they have EVER been. 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. All the buyers that have been waiting for the perfect opportunity to buy have found it, 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 $100K-125K.
Current number of homes on the market _____95 _________
Number of homes that failed to sell in the past 12 months _____483_________
Number of homes that Sold in past 12 months _____234_________
Total number of homes sold per month _____19.5_______
Total Months worth of Inventory _____4.9_ _______
Current number of homes on the market ______95 _____
Number of new inventory for this period ______23.75____
Total Inventory ______118.75___
Number of Homes that will sell ______58.5 ____ __49.3%____
Number of Homes that will not sell ______60.25___ ___50.7%____
Average Sold Price during the last 12 months _$108,241_
Here are the percentages over the last 12 months for Dallas Georgia homes ranging from $100K-125K
% of Homes Months Days on
Month that will sell of Inventory Market
December 2010 38.4% 9.3 72
January 2011 31% 8.9 74
February 2011 29.7% 8.9 75
March 2011 27.6% 9.4 74
April 2011 27.3% 8.4 79
May 2011 15.6% 9.7 81
June 2011 32.3% 9.7 81
July 2011 29.3% 9.7 81
August 2011 32.1% 9.0 83
September 2011 38.9% 7.7 85
October 2011 46.1% 5.2 82
November 2011 54.4% 4.4 86
December 2011 49.3% 4.9 87
We are seeing homes with GREAT prices get multiple offers. This creates a war between buyers pushing the price of your home above the listed price. If your home falls into the range of $100,000 to $125,000 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 $99,900 and 107,900.
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
