Pocono Summit PA Real Estate Market Report for March 2014
in the Poconos. A nice increase in the Sold Price for this Month versus March of 2013, thank goodness.
AVERAGE SOLD PRICE OF HOMES:
The Average Sold Price of homes sold in Pocono Summit PA for March was $98k versus $49k for March of 2013. A nice increase for sure. We want to see this trend continue.
NUMBER OF HOMES SOLD:
The Number of Homes Sold in Pocono Summit PA for March was 5 versus 1 for March 2013. Glad to see the number of homes sold continues to increase.
YEAR TO DATE STATISTICS FOR 2014 in the Pocono Summit PA Real Estate Market:
The Year to Date Average Sold Price in Pocono Summit PA for 2014 is $83K compared to $130k for 2013.
The Number of Homes Sold Year to Date in Pocono Summit PA for 2014 is 12 compared to 8 for 2013. County wide, the Number of Homes sold year to date for 2014 is up 11% when compared to 2013.
This month makes 17 months in a row that the number of homes sold in the Poconos (Monroe County) 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 March 2014 in the Poconos are:
- The Average Days on the Market for January was 489.
- The Sale to List Price Ratio was 95%.
- The Absorption Rate is 13 months
- The Number of Pending homes is at 5
The Number of Active Listings is 43, up 14% from last March
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
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