Here's a peek at The Real Estate Market Trends in Effort PA for
January 2014 in the Poconos.
Prices are up for the month but the Number sold is down.
AVERAGE SOLD PRICE OF HOMES:
The Average Sold Price for homes sold in Effort PA was $129K for January versus $127k for January 2013. This is very nice to see.
NUMBER OF HOMES SOLD FOR THE MONTH:
The Number of Homes Sold in Effort PA for January was 4 versus 7 for January 2013. Home sales have been on the rise for 15 months in a row now, County wide, so this is a surprising number to see.
Other Important Statistics to consider in the Effort PA Real Estate Market
Report for January 2014 are:
- The Absorption Rate is at 11 months, down from 12 months for January 2013
- The Sale To List Price Ratio was around 93.5% for those homes sold for the Month.
- The Number of Pending homes rose to 10, versus 6 for January 2013.
- The Number of Active listings rose to 83 versus 75 for January 2013.
- The Average Days On The Market rose to 329 days versus 111 for January 2013.
In Summary we see that there are still positive signs of recovery in the Real Estate Market Trends in Effort PA for the month. We need to see the Absorption Rate drop to 6 months to have a balanced market. The Poconos real estate market has seen a steady incline in the number of homes being sold for 15 months in a row now. That is very good news! That’s the first time in 6 years. Prices of homes sold for 2013 stayed at the same average as the sold prices for 2012 and that is good news too. The First year our prices have not dropped in at least 6 years.
Are you thinking of selling your home in Effort PA? Enlist the Services of your Effort PA Real Estate Agent, Bobbie Smith, and take advantage of the Best Market that the Poconos has seen in years. Selling your Home in Effort PA is more possible today than it has been in years.
*originally posted at homesinthepoconosforsale.com
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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