Real Estate Market Trends in Tannersville PA - October 2014
Is it a great time to sell your home in Tannersville? You Bet It Is!
AVERAGE SOLD PRICE OF HOMES IN TANNERSVILLE:
The Average Sold Price of homes in Tannersville PA for October 2014 was $177k DOWN 1% from $179k for October 2013 and UP from $138k for September. Up month to month is good.
The Average Sold Price for Monroe County in October was $137k and 33% of those sold were Foreclosures. Still, a way too high foreclosure rate in the Poconos.
NUMBER OF HOMES SOLD IN TANNERSVILLE:
The Number of homes sold in Tannersville PA for October 2014 was 8, UP 166% from 3 for October 2013 and UP from 2 for September. YES! A trend we love to see.
No foreclosures were sold in the Tannersville Real Estate market for October. YEAH!
The Number of Homes Sold in Monroe County for October was 267. A Great Number!
YEAR TO DATE STATS FOR TANNERSVILLE PA:
The Average Sold Price year to date for 2014 in Tannersville PA is $153k, DOWN 6.8% from $164k for 2013.
The Average Sold Price in Monroe County year to date is $132k, DOWN 3% for the year.
The Number of Homes Sold year to date in Tannersville PA for 2014 is 57 homes, UP 33% from 43 for 2013. Great News!
The Number of Homes old in Monroe County year to date is 2012 homes.
More Important Statistics to consider in the Tannersville PA Real Estate Market Report for October 2014 are:
Absorption Rate: 16 months
Average Days on the Market: came in at 356 days this month
Pending Listings: 6
The Sale to List Price Ratio: approximately 91% this month.
Number of Active Listings: currently there are 84, down 4% for the year
In Summary, this review of the Statistics in the Tannersville PA Real Estate Market indicate a recovering market. Demand is up, Pending homes are staying steady, The Absorption rate is down by 17% and the Active Listings are down. To be in a Balanced Real Estate Market the Absorption Rate needs to be around 6 months. For 24 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: 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*