STROUDSBURG PA 18360 MARKET SUMMARY YEAR TO DATE 9/30/12

The Market Summary for Stroudsburg PA 18360 Year to Date to Sept. 30, 2012

When we look at the Market Summary for Stroudsburg PA 18360 we first take a look at the NUMBER OF LISTINGS. The Number of Active, Pended, and Sold Listings.  As you can see from the Analogy below the Number of Active Listings is well above the Number of Pended and Sold Listings.  This indicated low demand, A Buyers Market.

Number of Listings in Stroudsburg PA 18360

Next, look at the LISTING PRICES for those Active and Sold Listings shown above. Again we can see that there seems to be quite a difference between the Asking price and the Sold price, reaffirming we are in a Buyers Market.

18360 Average Prices

Then we'll take a look at THE ABSORPTION RATE to see how many months it would take to sell the Active Listings at the current rate of sales.  We enjoy seeing that this rate is going down when compared to last year. The rate is going down because the number of sales for the year are rising and that fewer homeowners are putting their homes back on the market for sale once they expire for many reasons. (refuse to price their home at market value, cannot afford to sell their home at market value because they owe more than it is worth, not enough equity in their home to be able to afford to sell).

Absorption Rate 18360

Lastly, we check the SALE TO LIST PRICE RATIO for the homes sold.  This depicts how close/how far away the sold price is from the list price.

Sale to List price Ratio 18360

 

Monroe County Market Summary

 

 

 

 


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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 

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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 7 commentsBobbie Smith • October 17 2012 05:45AM

Comments

Good morning Bobbie,

Excellent market summary of the real estate market in Stroudsburg, PA! I'm sure your local consumer follows your reports closely and calls you when they are interested in buying or selling.

Posted by Dorie Dillard, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker United Realtors® ~ 512.346.1799) almost 6 years ago

Good Morning Bobbie,  I love to hear what other areas are doing.  Thanks for letting us know.

Posted by Will Hamm, "Where There's a Will, There's a Way!" (Hamm Homes) almost 6 years ago

Hi Dorie, I sure hope so. As you know it takes time and effort to put this data into our posts. Thank you.

Posted by Bobbie Smith, 570-242-1891 almost 6 years ago

Hi Will, I do too.  It's just amazing how different the markets are across the Country. Thanks!

Posted by Bobbie Smith, 570-242-1891 almost 6 years ago

Bobbie: This is a very thorough market report for the real estate market in Stroudsburg PA.  Nice use of graphs!

Posted by Anita Clark, Realtor - Homes for Sale in Warner Robins GA (ColdwellBanker SSK Realtors ~ 478.960.8055) almost 6 years ago

Hi Anita, Thank you.  Hopefully many people in my area will find it useful.

Posted by Bobbie Smith, 570-242-1891 almost 6 years ago

Looks like your market is improving, Bobbie.  Like, my market, it's not as fast as we would like, but slowly and surely getting better.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) almost 6 years ago

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