MARKET TRENDS FOR HOMES SOLD IN THE POCONOS FOR MARCH 2012

The Market Trends for Homes Sold in the Poconos for March 2012.

The Number of Homes Sold rose for the Month. Sales were up by 24%.  Fantastic news!

The Average Sold price of the homes that sold for the month did decline.  Prices for the month fell 9%. Not so fantastic news.

When analyzing the Market Trends for Homes Sold in the Poconos one has to remember our foreclosure rate and our Absorption rate.

Due to the amount of foreclosures that are Sold (approx 30% of the market sales), this amount influences the monthly average sale price, not in a favorable way, needless to say.

Our Absorption Rate for Homes For Sale in the Poconos is currently 17 months. Meaning that for all the homes we have for sale on the Market right now, at our current rate of sales, it would take 17 months to sell them all.  The Ideal or Most Wanted figure would be 3-6 months.

Homes sold in the Poconos

The statistics stated above are for Residential Sales for Monroe County for March of 2012 when compared to March of 2011. (data obtained from flexmls and is deemed reliable)

The average cumulated days on the Market for the homes that sold was 209 days.

The average sold price of the Homes that sold in March was $139,658, approximately $68.64 per square foot.

The number of homes sold for the month was 135, 39 of them being foreclosures.

Pocono Market Trends for February 2012

Pocono Market Trends for January 2012

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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 1 commentBobbie Smith • April 04 2012 07:20AM

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