Real Estate Market Report for Stroudsburg PA in the Poconos for February 2014 are summarized below for your review.
Both Numbers are UP for home sales and average sale price. WooHoo! Great News!
AVERAGE SOLD PRICE:
The Average Sold Price of homes sold in Stroudsburg PA for February was $166k, UP 3% from $161k for February 2013. NICE! We have been waiting for numbers like these for several years in our area.
NUMBER OF HOMES SOLD:
The Number of homes sold in Stroudsburg PA for February was 15, UP 15% from the 13 sold for February 2013. Demand is HIGH. It is the time to sell your home in Stroudsburg PA.
YEAR TO DATE:
The Year To Date Statistics in the real estate market report for Stroudsburg PA are great numbers to see also.
The Number of Homes sold year to date in Stroudsburg PA are 33, UP 50% from the 22 sold for 2013.
The Average Sold Price year to date in Stroudsburg PA is $164k, UP 3% from $159k for 2013.
Other Important Statistics to consider in Real Estate Market Report for Stroudsburg PA in February 2014 are:
- The Average Days on the Market has dropped to 143 versus 288 last February
- The Sale to List Price Ratio rose to 99% - Yahoo!
- The Absorption Rate dropped to 7 months versus 10 months last February
- The Number of Pending homes is currently at 14, versus 19 for last February
- The Number of Active Listings dropped 16% to 134 versus 160 for last February
In Summary, all these Statistics show that we are still in a Buyer’s Market in Stroudsburg PA however we are very close to being in a Balanced Real Estate Market in Stroudsburg PA. A Balanced market would have an Absorption rate of 6 months.
For 16 months in a row the Number of Homes being sold in the Poconos has been on the rise and exceeded last years numbers plus our average sold price has remained the same for the last two years. Great News!
With the number of homes available for sale continuing to drop and the demand saying strong, IT IS A GREAT TIME TO SELL YOUR HOME IN STROUDSBURG PA while there is less competition. Don’t miss out on the Best Real Estate Market that Stroudsburg has seen in years.
Real Estate Market Report in Stroudsburg PA for February 2014.
Real estate market report in stroudsburg pa for January 2014
Poconos real estate market report for january 2014 (Monroe County)
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