Real Estate Market Report for Stroudsburg PA for April in the Poconos.
AVERAGE SOLD PRICE:
The Average Sold Price of homes sold in Stroudsburg PA for April was $122k, DOWN from $149k for April 2013.
NUMBER OF HOMES SOLD:
The Number of homes sold in Stroudsburg PA for April was 10, DOWN from the 12 sold for April 2013.
YEAR TO DATE STATS IN THE REAL ESTATE MARKET REPORT FOR STROUDSBURG PA:
The Number of Homes sold year to date in Stroudsburg PA is 65, UP 33% from the 49 sold for 2013.
The Average Sold Price year to date in Stroudsburg PA is $153k, UP 1% from $151k for 2013.
This is the first time in 18 months that the Number of Homes being Sold in Stroudsburg PA on a monthly basis did not exceed the previous years numbers. The question is whether it is due to the inventory being mostly a “left-over” inventory or are Buyers “cutting back” in this area. It is hard to decide since the overall stats for the County continue to be on the upswing. Hopefully this is just a temporary, one month setback.
Other Important Statistics to consider in the Real Estate Market Report for Stroudsburg PA in April 2014 are:
The Average Days on the Market has dropped to 115
The Sale to List Price Ratio was around 97%
The Absorption Rate remained the same at 7 months
The Number of Pending homes is currently at 29, versus 23 for last April
The Number of Active Listings dropped 10% to 153 versus 170 for last April
In Summary, 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.
IT IS A GREAT TIME TO SELL YOUR HOME IN STROUDSBURG PA. Don’t miss out on the Best Real Estate Market that Stroudsburg has seen in years. Call your local Stroudsburg Real Estate Agent, Bobbie Smith, today to get your home on the market for sale in this Great Market.
Real Estate Market Report in Stroudsburg PA for April 2014.