Real Estate Market Update for East Stroudsburg PA in the Poconos for October 2013

The Real Estate Market Update for East Stroudsburg PA in the Poconos of PA for October 2013 are summarized below for your review. Demand is still UP and the numbers are still GOOD.

 

AVERAGE SOLD PRICE:

 

The Average Sold Price of homes sold in East Stroudsburg PA for October was $121k, DOWN 11%  from $136k for October of 2012. Foreclosures in our market are affecting the sold price of homes in several areas as the rate of sold foreclosures rose to 30% in October when we had been in the low 20% for several months in a row.

 

NUMBER OF HOMES SOLD:

 

The Number of homes sold in East Stroudsburg PA for October was 43, UP 59% from the 27 sold for October of 2012.  Good News!.

 

YEAR TO DATE:

 

The Year To Date number of homes sold in the East Stroudsburg PA Real Estate market trends report rose by 30% to 416 homes versus 320 for 2012. Good News.

 

The Year To Date average sold price of homes sold in East Stroudsburg PA  dropped by 4% to $126K versus $132K for 2012.

 

real estate market update in east stroudsburg pa

 

Other Important Statistics to consider in Real Estate Market Trends for East Stroudsburg PA in October 2013 are:

 

The Average Days on the Market has rose to 157 versus 126 for October 2012.

 

The Sale to List Price Ratio dropped slightly to 94% versus 97% for September2013.

 

The Absorption Rate dropped to 11 months versus 18 months for October 2012..

 

The Number of Pending homes is currently at 68, UP from 39 for October 2012.

 

The Number of Active Listings dropped to 452 versus 545 for October of 2012.

 

In Summary, all these Statistics show that we are still in a Buyer’s Market in East Stroudsburg PA however the improvements shown above tell us that we are in an improving market and hopefully these trends will continue. For 12 months in a row the Number of Homes being sold in the Poconos has been on the rise and exceeded last years numbers.  Good News.

 

Real Estate Market Trends in East Stroudsburg PA for October 2013.




These East Stroudsburg Real Estate Market Trends tell us that it is a Great Time to sell your home in East Stroudsburg PA. Enlist the services of your Local Pocono Realtor©, Bobbie Smith!  Call today for a FREE MARKET ANALYSIS and learn about the team effort that goes to work for you.

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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*

Comment balloon 16 commentsBobbie Smith • November 09 2013 06:05AM
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