The Smithfield Township Real Estate Market Report in the Poconos for August 2013 is summarized below.
AVERAGE SOLD PRICE:
The Average Sold Price of homes for August was $164k, UP from $94k for Aug. of 2012.
NUMBER OF HOMES SOLD:
The Number of homes sold for August was 4, DOWN from the 5 sold for Aug. of 2012.
YEAR TO DATE STATISTICS:
The number of homes sold in Smithfield Township year to date WENT UP 20% to 49 homes for 2013 versus 41 for year to date in 2012.
The average sold price year to date DROPPED 11% from $173k for 2012 to $155k for 2013.
Other Important Statistics to consider in the Smithfield Township Real Estate Market Summary for August 2013 are:
The Average Days on the Market YTD rose to 252 days versus 68 for 2012.
The Sale to List Price Ratio rose to 98% from 94% for July 2013
The Absorption RateYTD dropped to 12 months for 2013 versus 20 months for YTD 2012..
The Number of Pending homes YTD is 51 which is UP from 49 for YTD 2012.
The Number of Active Listings is down, 151 YTD for 2013 versus 178 YTD 2012.
It is still a Buyer’s Market in Smithfield Township. We would need to see the Absorption Rate be around 6 months to have a balanced market HOWEVER, with the number of homes being sold on a monthly basis continuing to rise, the trends tell us that we are moving toward a better market. The Number of Homes being sold on a Monthly Basis in the Poconos continues to rise and has exceeded last years number for 10 months in a row now.
Smithfield Township Real Estate Market Summary for August 2013.
All these Pocono Real Estate Market Trends tell us that it is a Great Time to sell your home in Smithfield Township. Enlist the services of your Local Pocono Realtor, Bobbie Smith! Call today for a FREE MARKET ANALYSIS.
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)
Email me now: firstname.lastname@example.org
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