East Stroudsburg PA Real Estate Market Report for March 2014
in the Poconos is summarized below for your review. The Year To Date Statistics are going strong with 80 pending homes!
AVERAGE SOLD PRICE FOR MARCH: $131,426 VERSUS $122,406 for March 2013, A 7.3% increase.
NUMBER OF HOMES SOLD FOR MARCH: 37 versus 48 for March 2013. An unanticipated drop.
YEAR TO DATE STATISTICS TO MARCH 2014:
The Year To Date number of homes sold in the East Stroudsburg PA Real Estate market is 109 homes for 2014 versus 112 for 2013.
The Year To Date average sold price of homes sold in East Stroudsburg PAis $117K for 2014 versus $119k for year to date 2013.
Other Important Statistics to consider in the East Stroudsburg PA Real Estate Market Report for March 2014 in the Poconos are:
The Average Days on the Market dropped to 121
The Sale to List Price Ratio was around 95%.
The Number of Pending homes is currently at 80, UP from 44 for March 2013.
The Number of Active Listings dropped to 393 versus 436 for March 2013.
The Absorption Rate dropped to 9 months versus 12 months for March 2013. This is indicative of a Buyer’s Market. A balanced market would be 6 months.
In Summary, all these Statistics show that we are still in a Buyer’s Market in East Stroudsburg PA however the number of positive growth numbers show us that we are doing well on the road to recovery in East Stroudsburg and hopefully these trends will continue. For 17 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 and call your East Stroudsburg PA Real Estate Agent, Bobbie Smith!
East Stroudsburg PA Real Estate Market Report for March 2014.
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
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*