Foreclosures in the Poconos of PA. Let's look at the Market Trends so far for 2012.
FORECLOSURES have accounted for numerous sales in Monroe County for 2012. In looking at the number sold for each month during the year so far we see a rate that is running from 20% to 30% of the Total numer of sold homes.
A rate that we would like to see of course would be less than 10% or 15%, under 15% realistically.
The stats for the year so far are out of 1,195 homes sold for Monroe County, 307 of them were foreclosures, approximately 25%+-. A rate under 30% is a good thing.
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Bobbie Smith, CRS
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