Tannersville PA Real Estate Market Trends for March 2014

Tannersville PA Real Estate Market Trends for March 2014.

The Number Sold for the month was UP and the Average Sold Price of those homes was UP.  WOW!  This is good news again for March, just like February.

 

tannersville pa real estate market report for march 2014

 

AVERAGE SOLD PRICE OF HOMES SOLD IN TANNERSVILLE FOR MARCH:

 

The average sold price of homes in Tannersville PA for March 2014 was $146k UP 7% from $136k for March 2013. Good News!

 

NUMBER OF HOMES SOLD IN TANNERSVILLE PA FOR MARCH::

 

The Number of homes sold in Tannersville PA for March 2014 was 10, UP 66% from 6 for March  2013. More Good News!

 

YEAR TO DATE STATS FOR TANNERSVILLE PA:

 

The Average Sold Price year to date for 2014 in Tannersville PA is $149k, UP 14% from $130k for 2013. VERY NICE!

 

The Number of Homes Sold year to date in Tannersville PA for 2014 is 19 homes, UP  from 11 for 2013. More Good News.

 

More Important Statistics to Monitor in the Tannersville PA Real Estate Market Trends for March 2014 are:

 

  • Absorption Rate: has dropped to 16 months compared to 24 months last year

 

  • Average Days on the Market: came in at 238 days this month

 

  • Pending Listings: 10 for March 2014, up from 7 for March 2013

 

  • The Sale to List Price Ratio: approximately 94% this month.

 

  • Number of Active Listings: currently there are 84, down from 93 for March 2013

 

In Summary, this review of the Statistics in the Tannersville PA Real Estate Market indicate a recovering market. Demand is up, Prices are stabilizing, The Absorption rate is down by 30% and the Active Listings are down by 10%.  To be in a Balanced Real Estate Market the Absorption Rate needs to be around 6 months.  For 17 months in a row the demand has been on the Increase and the Number of Homes for sale has been on the Decrease. All Key Indicators of a Recovering Market!



It is a great time to sell your home in Tannersville PA.  Fewer homes for sale means less competition for your home equaling a better chance of selling your home in Tannersville PA. When looking for a Real Estate Agent in Tannersville PA give Bobbie and RE/MAX of the Poconos a call for a FREE Market Analysis and getting your home found everywhere online.

Poconos Real Estate Market Report for March 2014Tannersville PA Real Estate market report for February 2014

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When looking for a Realtor© in the Poconos that will listen, assist and guide you without "pushing" you, contact Bobbie Smith. I would love to help.

 

Bobbie Smith, CRS

(Certified Residenial Specialist-CRS)

570-242-1891 Cell Best (Call or Text)

570-421-2345 Office 

RS#274017 

Email me now: bobbiej51@hotmail.com    

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All pictures, text, etc. stated within is the exclusive property of Bobbie Smith and cannot be copied or duplicated without written consent from Bobbie Smith.  All statistics and data contained herein are obtained from reliable sources and are deemed reliable however each individual should always do their own research on each topic and derive their own conclusions. Any statements of opinion are just that, the opinions of Bobbie Smith. *Realtor is a registered trademark of NAR*

10 commentsBobbie Smith • April 18 2014 06:07PM
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