Real Estate Market Trends in East Stroudsburg PA for January 2014 in the Poconos is summarized below for your review.
Demand is UP, prices are UP, and pending sales are booming!
The Average Sold Price of homes sold in East Stroudsburg PA for January was $117k, UP 8% from $109k for January 2013. Great News!
The Number of homes sold in East Stroudsburg PA for January was 36, UP 6% from 34 sold for January 2013. Good News!.
Other Important Statistics to consider in the Real Estate Market Trends in East Stroudsburg PA for January 2014 in the Poconos are:
- The Average Days on the Market dropped to 102
- The Sale to List Price Ratio was around 93%.
- The Absorption Rate dropped to 9 months versus 14 months for January 2013. This is indicative of a Buyer’s Market. A balanced market would be 6 months.
- The Number of Pending homes is currently at 59, UP from 37 for January 2013.
- The Number of Active Listings dropped to 386 versus 463 for January 2013.
In Summary, all these Statistics show that we are still in a Buyer’s Market in East Stroudsburg PA however the improvements shown above tell us that we are doing well on the road to recovery in East Stroudsburg and hopefully these trends will continue. For 15 months in a row the Number of Homes being sold in the Poconos has been on the rise and exceeded last years numbers. This is the BEST market we have seen in the Poconos for years! Take advantage of it!
Real Estate Market Trends in East Stroudsburg PA for January 2014.
These East Stroudsburg Real Estate Market Trends tell us that it is a Great Time to sell your home in East Stroudsburg PA. Enlist the services of your East Stroudsburg PA Real Estate Agent, Bobbie Smith, Certified Residential Specialist. Call today for a FREE MARKET ANALYSIS and learn about the team effort that goes to work for you. Get More for your MONEY when you list with us!
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: email@example.com
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*