Interest rates are lower than they have EVER. Today’s Dallas Georgia home buyers are able to get 30 year interest rates in the 3.5-5% range. This is improving your chance of selling your home. From the statistics below, for Dallas Georgia homes priced between $200,000 and $225,000, we can tell these homes have a 45.6% chance of selling your Dallas Georgia Home. 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!!! They are definitely buying today!!!! Let’s look at the statistics over the last 12 months. Here is the January 2012 Market Absorption for Dallas Georgia homes ranging from $200K-225K.
Current number of homes on the market _____22 _____
Number of homes that failed to sell in the past 12 months _____168_____
Number of homes that Sold in past 12 months _____49______
Total number of homes sold per month _____4_______
Total Months worth of Inventory ____ 5.4_ ____
Current number of homes on the market ______22 _____
Number of new inventory for this period ______5.5____
Total Inventory ______27.5___
Number of Homes that will sell ______12 ____ __45.6%____
Number of Homes that will not sell ______15.5___ __54.4%____
Average Sold Price during the last 12 months _$204,338_
Here are the percentages over the last 12 months for Dallas Georgia homes ranging from $200K-225K
% of Homes Months Days on
Month that will sell of Inventory Market
January 2011 27.9% 8.5 128
February 2011 25% 9.6 126
March 2011 23.7% 10.13 123
April 2011 21.3% 8.9 127
May 2011 24.2% 9.9 124
June 2011 23% 10.1 129
July 2011 28% 8.6 114
August 2011 29.6% 8.11 129
September 2011 20% 5.29 114
October 2011 35.7% 6.7 80
November 2011 44.5% 5.4 86
December 2011 41.8% 5.7 95
January 2012 45.6% 5.4 92
Over the last 4 months the months of inventory has gone down, while the percentage of homes selling has gone up. Homes with GREAT prices receive multiple offers. Multiple offers create a war between buyers pushing the price of your home above the listed price. If 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 and your home falls into the range of what should be $200,000 to $225,000; we believe your list price should be between $183,900 and $194,000. You may think that is low, but remember the idea is 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.
