THE POCONO ABSORPTION RATE YTD 2011

Pocono Homes for Sale Absorption rate 2011

The Absorption rate for Pocono Homes for sale within Monroe County continues to climb.  We did see a leveling during June and July as illustrated above.

Personally I had anticipated seeing the Absorption rate go down for July and August but I did not get what I wanted. I know - Big Surprise - given the Economy.

However, in reading other blogs here on Active Rain regarding the Absorption rate in other areas of the Country I am seeing areas where their Absorption rates are dropping so it is only a matter of time before ours do too given our history of usually being one year behind many other parts of the Country.

I believe because we are still so "rural" it takes a little longer to catch up if you know what I mean.

As we watch the Absorption rate go up we are seeing the number of price changes hitting the market on a daily basis go up too.  A natural occurrence of course.  As the Absorption rate goes up, that means it is harder to sell your home due to the number of competitors you have, so if you want to compete (Get your home sold before your competitor) you have to offer an incentive to the buyer to come to your home first, hence the number of price reductions.

Let's keep our eye on this and hope and pray that it does not go any higher over the next month.

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Bobbie Smith, CRS

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Comment balloon 0 commentsBobbie Smith • September 06 2011 11:48AM

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