Saylorsburg PA Real Estate Market Trends for December 2013 in the Poconos.
Demand is still Up and the Year To Date statistics are in.
AVERAGE SOLD PRICE:
The Average Sold Price of homes sold in Saylorsburg PA for December was $166k downfrom $208k for December of 2012.BOOHOO!
NUMBER OF HOMES SOLD:
The Number of Homes Sold in Saylorsburg PA for December was 8, UP 14% from 7 for December 2012. YEAH!
YEAR TO DATE STATISTICS:
The Year to Date Average Sold Price in Saylorsburg PA for 2013 is $164K compared to $170k for 2012, a 3.5% decrease in the Average Sold Price for the year.
The Number of Homes Sold Year to Date in Saylorsburg PA for 2013 is 89, UP 35% from 66 for 2012. This is a wonderful Statistic we are very happy to see.
This month makes 14 months in a row that the number of homes sold in the Poconos 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 Saylorsburg PA Real Estate Market Report for December 2013 are:
- The Average Days on the Market dropped to 95 for December 2013 versus 234 for 2012
- The Sale to List Price Ratio was 93.5% for December 2013.
- The Absorption Rate dropped to 10.5 months versus 13 months for December 2012.
- The Number of Pending homes is currently at 6, compared to 4 for December of 2012.
- The Number of Active Listings is 78 versus 71 for December of 2012. The Number of Active Listings for the year dropped 16%, which is less competition for you if you are trying to sell your home in the Poconos.
In summary, the Saylorsburg Pa Real Estate Market for December 2013 is an improving one. One we are glad to see. The Market Trends shown above are indicative of a recovering market. Slow but steady will get us to a Balanced Market, eventually.
All these Pocono Real Estate Market Trends tell us that it is a Great Time to sell your home in Saylorsburg PA. Enlist the services of your Local Pocono Realtor©, Bobbie Smith! Let my proven track record show you how we will work together and get your home SOLD! Realize the Value of having your home found everywhere on the Internet with our MAXimum Marketing!