Pocono Real Estate Market Report - November 2014, Full report

Pocono Real Estate Market Report - November 2014

 

pocono real estate market report - november 2014.jpg

 

Taking a look at the Pocono Real Estate Market Report for November 2014 we see several good points.

 

  1. The Average Sold price of homes was $136k which is DOWN 4.48% from November of 2013 but the same as the average sold price of $136k for October 2014.

 

  1. The Number of Homes sold was 209 homes which is up by 7.7% from November 2013 but down from the 267 sold for October 2014.

 

  1. The Number of Pending homes is 240, up 35.6% from November of 2013 but down from 291 for October 2014. We’re still rolling strong.

 

  1. The Absorption Rate (shown below) dropped to 11.65 months versus 13.97 months for November 2013 and 13 months for October 2014.



Other important items to review when looking at the Pocono Real Estate Market Report are:

 

  1. The Number of Active listings rose 1.5% to 2,334 homes, County wide.

 

  1. The Average Sold Price of homes, year to date is $132,145, down 3.11% from last year at this time.

 

  1. The Foreclosure rate of sold homes for the Month was 32.5%.

 

  1. The Average Days on the Market of the homes that sold rose to 161 days.

 

  1. The Absorption Rate dropped to 11.65 months from 13.97 for Nov. 2013

 

The Absorption rate shows that we continue to be in a very strong Buyers Market.

A balanced market would have an Absorption rate of around 6 months.

 

To sell your home in the Poconos in such a strong Buyers Market you must be priced to compete, which means the same as your competition or better yet, lower than your competition.

 

Visit homesinthepoconosforsale.com to search for a home that is just right for you.

*originally posted on homesinthepoconosforsale.com

 

 

Pocono Real Estate Market Report - October 2014

Pocono Real Estate Market Report - September 2014

Pocono Real Estate Market Report - August 2014

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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    

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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 2 commentsBobbie Smith • December 09 2014 03:21PM

Comments

Good morning Bobbie, thanks for the excellent update for the Pocono Real Estate Market.

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

Thank you Gabe!

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

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