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 a for all Dallas Georgia homes priced between $125,000 to $150,000. Statistically, Dallas Georgia homes in the $125K-150K price range that are on the market longer than 90 days have a 73.4% chance of not selling at all!
For Dallas Georgia Homes, here is the August 2011 Market Absorption for homes ranging from $125K-150K.
Current number of homes on the market _____133 _________
Number of homes that failed to sell in the past 12 months _____508_________
Number of homes that Sold in past 12 months _____177_________
Total number of homes sold per month _____14.75_______
Total Months worth of Inventory _____9.01_ _______
Current number of homes on the market ______133 ________
Number of new inventory for this period ______42.75_______
Total Inventory ______213.75______
Number of Homes that will sell ______58.26 ______ ___26.6%____
Number of Homes that will not sell ______155.49_____ ___73.4%____
Average Sold Price during the last 12 months _$130,330_
So what is the ONE THING that will get your Dallas Georgia Home sold? It is the PRICE, if you price it correctly…..IT WILL SELL and sell quickly. In the price range of $125,000 to $150,000 you need to be priced between $117,000 and $123,500. The closer you are to $117,000 the more quickly your home will sell.
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