Tannersville PA Real Estate Market Report - September 2014
AVERAGE SOLD PRICE OF HOMES IN TANNERSVILLE:
The Average Sold Price of homes in Tannersville PA for September 2014 was $138k DOWN 22% from $178k for September 2013. Not Good News!
NUMBER OF HOMES SOLD IN TANNERSVILLE:
The Number of homes sold in Tannersville PA for September 2014 was 2, DOWN 50% from 4 for September 2013.
YEAR TO DATE STATS FOR TANNERSVILLE PA:
The Average Sold Price year to date for 2014 in Tannersville PA is $151k, DOWN 7.5% from $163k for 2013.
The number of Homes Sold year to date in Tannersville PA for 2014 is 48 homes, UP 20% from 40 for 2013.
More Important Statistics to consider in the Tannersville PA Real Estate Market Report for September 2014 are:
Absorption Rate: 17 months
Average Days on the Market: came in at 178 days this month
Pending Listings: 8, up by 60% from Sept. 2013
The Sale to List Price Ratio: approximately 87% this month.
Number of Active Listings: currently there are 94
Tannersville PA Real Estate market report - September 2014
In Summary, this review of the Statistics in the Tannersville PA Real Estate Market indicate a recovering market. Demand is up, Pending homes are up, The Absorption rate is down by 30% and the Active Listings are down. To be in a Balanced Real Estate Market the Absorption Rate needs to be around 6 months. For 23 months in a row the demand has been on the Increase and the Number of Homes for sale has been on the Decrease. All Key Indicators of a Recovering Market!
It is a great time to sell your home in Tannersville PA. Fewer homes for sale means less competition for your home equaling a better chance of selling your home in Tannersville PA. When looking for a Real Estate Agent in Tannersville PA give Bobbie and RE/MAX of the Poconos a call for a FREE Market Analysis and getting your home found everywhere online.
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*