Pocono Summit PA Real Estate Market Report for January 2014
in the Poconos. Making strides on the road to recovery in our
real estate market.
AVERAGE SOLD PRICE OF HOMES:
The Average Sold Price of homes sold in Pocono Summit PA for January was $79k UP from $52k for January of 2013. Yeah, but still rather low compared to the County average of $137K.
NUMBER OF HOMES SOLD:
The Number of Homes Sold in Pocono Summit PA for January was 2, the same as it was for January 2013. Good it remained the same, better than a drop.
This month makes 15 months in a row that the number of homes sold in the Poconos has exceeded last years numbers. With increased demand comes an increase in prices, eventually. The Absorption Rate needs to drop to around 6 months to be a balanced market and then at that point we have our best chances of seeing our prices begin to rise again, steadily.
More Important Statistics to consider in the Pocono Summit PA Real Estate Market Report for January 2014 in the Poconos are:
- The Average Days on the Market for January was 86.
- The Sale to List Price Ratio was 94%.
- The Absorption Rate is 15 months, compared to 12 months for January 2013.
- The Number of Pending homes is at 9, compared to 3 for January 2013.
- The Number of Active Listings is 52 versus 41 for January 2013.
These trends in the Pocono Summit PA Real Estate Market Report tell us that it is a Great Time to sell your home in Pocono summit PA. When looking for a Pocono Summit Real Estate Agent to help you sell your home in the Poconos, give Bobbie a call. Together with RE/MAX of the Poconos we will help you reach your goal. SOLD!
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*