Real Estate Market Report for Stroudsburg PA in the Poconos for March 2014 are summarized below for your review. Sales of homes are still on the rise and the Average sold price is too!
AVERAGE SOLD PRICE:
The Average Sold Price of homes sold in Stroudsburg PA for March was $150k, UP 6% from $141k for March 2013. Great News!
NUMBER OF HOMES SOLD:
The Number of homes sold in Stroudsburg PA for March was 21, UP 40% from the 15 sold for March 2013. More Great News!
YEAR TO DATE STATS IN THE REAL ESTATE MARKET REPORT FOR STROUDSBURG PA:
The Number of Homes sold year to date in Stroudsburg PA are 54, UP 46% from the 37 sold for 2013.
The Average Sold Price year to date in Stroudsburg PA is $159k, UP 5% from $152k for 2013.
What a wonderful trend we are experiencing in the Stroudsburg PA Real Estate market.
Other Important Statistics to consider in the Real Estate Market Report for Stroudsburg PA in March 2014 are:
- The Average Days on the Market has dropped to 88
- The Sale to List Price Ratio was around 95%
- The Absorption Rate dropped to 7 months
- The Number of Pending homes is currently at 24, versus 17 for last March
- The Number of Active Listings dropped 8% to 150 versus 163 for last March
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 17 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. Call me today to get your home listed in this Great Market.
Real Estate Market Report in Stroudsburg PA for March 2014.