Stroud Township Market Summary in Pocono Real Estate YTD up to July 31,2012.
In looking at the Market Summary for Stroud Township in Pocono Real Estate, let's look at the Summary Statistics listed below. We see that the potential to sell your home is improving with the Absorption Rate dropping and the Average CDOM (cumulative days on market) dropping however, that list price needs to be at market value for sure as the average list price continues to drop also.
Jul-12 Jul-11 % Chg 2012 YTD 2011 YTD % Chg
Absorption Rate 15.43 -20.7 -25.46 15.17 17.4 -12.82
Average List Price $184,793 $193,096 -4.30 $176,641 $196,025 -9.89
Average Sale Price $139,475 $198,854 -29.86 $134,877 $169,959 -20.64
Average CDOM 139 341 -59.24 141 160 -11.87
We will add in a few detailed Statistics to enhance this summary. First is the NUMBER OF LISTINGS for Active, Pended, and Sold listings. We see that the pended and sold listings are running neck and neck and that their numbers are still well below the number of Active listings, still a Buyers' market.
Next let's take a look at the LISTING PRICES of those Active, Pended and Sold listings.
Then a look at the Absorption Rate for Stroud Township.
Lastly, let's look at the List Price to Sale Price Ratio for those Listings.
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Bobbie Smith, CRS
(Certified Residenial Specialist-CRS)
570-242-1891 Cell Best (Call or Text)
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