Pocono Summit PA Real Estate Market Report for January 2014

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.

pocono summit pa real estate market report january 2014

 

 

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!

Pocono summit pa real estate market report for december 2013

Poconos Real Estate market report for January 2014

facebook  google plus  twitter   pinterest   youtube  linkedin 


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)

570-421-2345 Office 

RS#274017 

Email me now: bobbiej51@hotmail.com    

Search the Pocono MLS for a home

RE/MAX OF THE POCONOS

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 • February 24 2014 05:07PM

Comments

awesome market report to showcase for your sellers and local area buyers!

Posted by Mark Loewenberg, KW 561-214-0370 (KW of the Palm Beaches) over 4 years ago

Hi Mark, Thank you. Hopefully consumers will use the information to their advantage.

Posted by Bobbie Smith, 570-242-1891 over 4 years ago

Nice to see mostly positive numbers for the Pocono Summit PA real estate market, Bobbie.  Thanks for the info.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) over 4 years ago

Hi Gabe, Mostly positive is definitely better than all negative. It is a welcome change. We are still taking baby steps on the road to recovery but we will take it. Thanks.

Posted by Bobbie Smith, 570-242-1891 over 4 years ago

Participate