Real Estate Market Report for Stroudsburg PA for May 2014

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Services for Real Estate Pros RS274017
http://actvra.in/4hJW

Real Estate Market Report for Stroudsburg PA for May 2014.

 

stroudsburg pa real estate market report for may 2014

 

The Stroudsburg Real Estate Market saw another slow down for May with prices dropping and the number of homes sold dropping. Foreclosures accounted for 5% of the homes sold for May. Details of the Stroudsburg Real Estate Market are given below.

 

AVERAGE SOLD PRICE:

 

The Average Sold Price of homes sold in Stroudsburg PA for May was $175k,  DOWN from $189k for May 2013.

 

NUMBER OF HOMES SOLD:

 

The Number of Homes sold in Stroudsburg PA for May was 19,  DOWN from the 25 sold for May 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 86, UP 16% from the 74 sold for 2013.

 

The Average Sold Price year to date in Stroudsburg PA is $157k, DOWN 4% from $164k for 2013.

 

Other Important Statistics to consider in the Real Estate Market Report for Stroudsburg PA in May 2014 are:

 

  • The Average Days on the Market was 120

 

  • The Sale to List Price Ratio was around 96%

 

  • The Absorption Rate is 8 months.

 

  • The Number of Pending homes is currently at 31, versus 31 for last May

 

  • The Number of Active Listings dropped 8% to 175 versus 191 for last May

 

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 May 2014.

 

Poconos Real Estate Market Report for May 2014

 

Real Estate Market Report in Stroudsburg PA for April 2014

Real Estate Market Report in Stroudsburg PA for March 2014

Real Estate Market Report in Stroudsburg PA for February 2014

Real Estate Market Report in Stroudsburg PA for January 2014

 


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When looking for a Realtor© in the Poconos that will listen, assist and guide you without "pushing" you, contact Bobbie Smith. I would love to help.

 

Bobbie Smith, CRS

(Certified Residenial Specialist-CRS)

570-242-1891 Cell Best (Call or Text)

570-421-2345 Office 

RS#274017 

Email me now: bobbiej51@hotmail.com    

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All pictures, text, etc. stated within is the exclusive property of Bobbie Smith and cannot be copied or duplicated without written consent from Bobbie Smith.  All statistics and data contained herein are obtained from reliable sources and are deemed reliable however each individual should always do their own research on each topic and derive their own conclusions. Any statements of opinion are just that, the opinions of Bobbie Smith. *Realtor is a registered trademark of NAR*

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Rainmaker
2,967,793
Dorie Dillard
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Bobbie,

Very clear and concise market report. It may still be a buyers market but hopefully in third quarter you will move to a balanced market! Listing numbers are dropping but sales remained constant from last May..a good sign!

Jun 08, 2014 09:48 PM #1
Rainmaker
2,026,431
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Happy Monday Bobbie. This market is moving closer to being balanced...the perfect time for sellers to get their well maintained and updated home on the market.

Jun 08, 2014 09:58 PM #3
Rainmaker
1,606,051
Ginny Gorman
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Bobbie, disappointing numbers but for buyers in the Stroudsburg area that means less competition and time to get house hunting with you!

Jun 08, 2014 10:23 PM #4
Ambassador
1,692,129
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Bobbie, you have done a very detailed and expert report. I think these numbers are reflected in many parts of the country. 

Jun 09, 2014 02:15 AM #5
Rainmaker
2,464,592
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

I'm surprised to read that it's a buyers market in Stroudsburg Pa. Sellers have to be competitive to get the attention of the buyers who are out and about...

Jun 09, 2014 09:28 PM #6
Rainmaker
3,582,570
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Sorry to hear about the slow down for the Stroudsburg PA real estate market, Bobbie.  I think that you are not the only area seeing this.  

Jun 09, 2014 09:51 PM #7
Ambassador
3,014,014
Debbie Reynolds
Berkshire Hathaway HomeServices PenFed Realty, Your Clarksville Real Estate Professional - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Bobbie, The slowdown hopefully will only be temporary and will come back strong in this summer.

Jun 09, 2014 10:15 PM #8
Rainmaker
646,337
Bobbie Smith
Stroudsburg, PA
570-242-1891

Hi Dorie, It is a good sign, you're right. Thank for the support. We are all hoping this trend continues.

Jun 10, 2014 11:22 AM #9
Rainmaker
646,337
Bobbie Smith
Stroudsburg, PA
570-242-1891

Anita, You are right! It is a great time for Motivated Sellers to get their home on the market. Thanks!

Jun 10, 2014 11:23 AM #10
Rainmaker
646,337
Bobbie Smith
Stroudsburg, PA
570-242-1891

Hi Ginny, A minor set back. End of the school year, Tons of activities, graduations, etc. It will pick back up shortly. Thanks!

Jun 10, 2014 11:24 AM #11
Rainmaker
646,337
Bobbie Smith
Stroudsburg, PA
570-242-1891

Noah, That is what I am hearing too. The economy is not as strong as it was, etc. etc.  Hope this trend does not last

Jun 10, 2014 11:25 AM #12
Rainmaker
646,337
Bobbie Smith
Stroudsburg, PA
570-242-1891

Gabe, I believe you are right. It is happening in many areas. Darn shame too. Thanks.

Jun 10, 2014 11:27 AM #13
Rainmaker
646,337
Bobbie Smith
Stroudsburg, PA
570-242-1891

Debbie, I'm sure it will. Thanks.

Jun 10, 2014 11:27 AM #14
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