Pocono Township Real Estate Market Summary for May 2013

The Pocono Township Real Estate Market Summary

shows that the Average Sold Price of homes sold in May was 207k, UP 39% from $150k for May of 2012. Good News!

 

However, the Year To Date Average Sold Price of homes in Pocono Township is $153K for 2013 compared to $176k for YTD 2012.


The Number of Homes Sold in Pocono Township for May of 2013 was 9, UP from the 8 sold for May of 2012. Good News!


We see that the year to date number of homes sold in Pocono Township remained even. 37 sold YTD for 2013 and 37 sold YTD for 2012.

 

real estate market trends in pocono township

Other Important Statistics to consider in the Pocono Township Real Estate Market Summary are:


The Average Days on the Market has dropped to 96 for 2013 versus 185 for May 2012.


The Sale to List Price Ratio rose to 94% in May, up from 92% for April of 2013.


The Absorption Rate dropped to 12 months YTD for 2013 versus 17 months for YTD 2012.


It is still a Buyer’s Market in Pocono Township. We would need to see the Absorption Rate be around 6 months to have a balanced market.


The Number of Pending homes is currently at 18, compared to 11 for April of 2012.


The Number of Active Listings is 114 versus 135 for May of 2012.


All these Pocono Real Estate Market Trends tell us that it is a Great Time to sell your home in Pocono Township. INVENTORY IS DOWN, The NUMBER OF HOMES BEING SOLD IS UP. Enlist the services of your Local Pocono Realtor, Bobbie Smith, and get your HOME SOLD NOW!

Poconos Real Estate market summary may 2013

Stroudsburg Real Estate market summary may 2013

Middle Smithfield real estate market summary may 2013

E Stroudsburg real estate market summary may 2013


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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 6 commentsBobbie Smith • June 13 2013 05:38PM
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