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.
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.
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).
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.
When looking to sell your home in the Poconos, enlist the guidance of a Caring, Compassionate, Experienced and Reputable Realtor. Your Local Pocono Realtor, Bobbie Smith
Bobbie Smith, CRS
570-242-1891 Cell
570-421-2345 Office
Email me now: bobbiej51@hotmail.com
RS#274017
My Website - http://www.homesinthePoconosforsale.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.
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.
Good Morning Bobbie, I love to hear what other areas are doing. Thanks for letting us know.
Hi Dorie, I sure hope so. As you know it takes time and effort to put this data into our posts. Thank you.
Hi Will, I do too. It's just amazing how different the markets are across the Country. Thanks!
Bobbie: This is a very thorough market report for the real estate market in Stroudsburg PA. Nice use of graphs!
Hi Anita, Thank you. Hopefully many people in my area will find it useful.
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.