EAST STROUDSBURG PA 18301 MARKET SUMMARY YEAR TO DATE (9-30-12)

The Year To Date Market Summary for East Stroudsburg PA 18301 to Sept. 2012

When reviewing the Data we first take a look at the Number of Listings in the East Stroudsburg area.  The Active, the pended, and the Sold number of Listings.  We can see that the number of Pended and Sold has remained steady throughout the year, however they are greatly under the number of Active Listings.  Just the fact that the Pended and Sold listings have been relatively consistent throughout the year, is a hopeful sign for many of us.  Hopefully they will improve as the next year progresses.

Number of Listings for 18301

Then let's take a look at The AVERAGE LISTING PRICE of those Active, and Sold Listings.  Here we see that there were a couple of months where the Sold price came close to the asking price, and that is what we hope for.  Overall, there is still too great of a difference between the Asking Price of properties and the Sold Price.

Average Listing Prices for 18301

Next, we will take a look at THE ABSORPTION RATE for East Stroudsburg homes for sale to see what the current backlog of homes on the Market is.  Again, we would like this number to be around 3-6 months.

E. Stroudsburg 18301 Absorption Rate

Lastly, we will take a look at the List Price to Sale Price ratio. Again, we like to see this number close to 100% with 97% being a great rate and as you can see we are still far off from either one of those, another "symptom" of a Buyers Market.

Sale to List Price Ratio

Monroe County Market Summary YTD to Sept. 2012

 

 


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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 4 commentsBobbie Smith • October 20 2012 05:04PM

Comments

Good Evening Bobbie

Thanks for sharing. Have a great weekend

Posted by Patrick White, Driven to bring New Yorkers home (Home Driven Realty, Inc) about 6 years ago

Looks like a positive trend for the East Stroudsburg real estate market.  Thanks for the excellent info.

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

Hi Patrick, Thanks for stopping by. Hopefully consumers will find the information useful.

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

Hi Gabe, At least our "slow market" is consistent.  Can't wait for things to pick up. Guess this year is not going to be the year.

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

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