Real Estate Market Report in Saylorsburg PA for January 2014 in the Poconos.
Demand is still Up and Prices went up this month too! Wahoo!.
AVERAGE SOLD PRICE OF HOMES IN SAYLORSBURG PA:
The Average Sold Price of homes sold in Saylorsburg PA for January was $133k, WAY UP from $59k for January of 2012. With the demand being on the incline for 15 months now the inventory of the lower value homes is obviously decreased and the higher value ones are beginning to sell better.
NUMBER OF HOMES SOLD IN SAYLORSBURG PA:
The Number of Homes Sold in Saylorsburg PA for January was 7, UP 40% from 5 for January 2013. As you know, with increased demand comes an increase in prices as witnessed above. With demand climbing steadily for 15 months in a row across the Pocono Region now, our Road to Recovery is looking brighter and brighter.
More Important Statistics to consider in the Real Estate Market Report for Saylorsburg PA for January 2014 in the Poconos are:
The Average Days on the Market was 370 for January 2014.
The Sale to List Price Ratio was 95%
The Absorption Rate dropped to 8.8 months versus 11.6 months for January 2013. To be in a balanced market the Absorption rate would need to be at 6 months so as you can see we are getting closer and closer each month.
The Number of Pending homes is currently at 18 homes, double the 9 we had for January 2013.
The Number of Active Listings is 66 versus 64 for January 2013. The Number of Active Listings for the year dropped 11%, which is less competition for you if you are trying to sell your home in the Poconos.
We are in THE BEST MARKET we have seen in Saylorsburg PA for years.
Real Estate Market Report in Saylorsburg PA for January 2014.
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!