POCONO REAL ESTATE MARKET TRENDS, YEAR END STATS FOR 2010

Well I don't know whether to say Hip, Hip, Hooray or Bah Humbug. The year end stats for 2010 for Pocono Real Estate Market Trends showed the average sale price to be down by 5% for the year compared to last year. So it is good that our prices only dropped 5% (thats the Hip, Hip, Hooray part) because last year they dropped 12% so 5% is better than 12%, however, they still dropped (thats the Bah Humbug part). We ended the year with the average number of homes being sold for the year at 1695 (which is definitely a Bah Hummbug) whereas last year the average number sold was 2310 (thats a 26% drop in the number of homes sold for the year when comparing 2010 to 2009)See the graph below.

As usual, stats were taken for Monroe County, residential homes sold, from flexmls and are deemed reliable however I am not responsible for typographical errors.

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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*

Comment balloon 1 commentBobbie Smith • January 05 2011 06:06PM
POCONO REAL ESTATE MARKET TRENDS, YEAR END STATS FOR 2010
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Well I don't know whether to say Hip, Hip, Hooray or Bah Humbug. The year end stats for 2010 for Pocono Real Estate Market Trends showed the average sale price to be down by 5% for the year compared to last year. So it is good that our prices only… more