Real Estate Market Report for Stroudsburg PA - July 2014

Real Estate Market Report for Stroudsburg PA - July 2014.

The Stroudsburg Real Estate Market for July saw the Number of Homes being sold DROP from last July however, Sold Prices ROSE 8.7% FOR THE MONTH, making the Average Sold Price for the Year, DOWN 4.2%. Not good news.  

Foreclosures accounted for 35% of the homes sold for July, County wide.  Details of the Stroudsburg Real Estate Market are given below.

AVERAGE SOLD PRICE:

↑The Average Sold Price of homes sold in Stroudsburg PA for July was $194k,                      UP from $179k for July 2013.

NUMBER OF HOMES SOLD:

↓The Number of Homes sold in Stroudsburg PA for July was 22,  DOWN from July 2013.

YEAR TO DATE STATS IN THE STROUDSBURG PA REAL ESTATE MARKET REPORT:

The Number of Homes sold year to date in Stroudsburg PA is 135, UP 7% from the 126 sold for 2013.

The Average Sold Price year to date in Stroudsburg PA is $164k, DOWN 4.2% from $171k for 2013.

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

The Average Days on the Market was 143

The Sale to List Price Ratio dropped greatly to 94.5%

The Absorption Rate is around 9 months.

The Number of Pending homes is currently at 35, versus 16 for last July

The Number of Active Listings dropped 8% to 18 versus 205 for last July

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 - July 2014.

Real Estate Market Report in Stroudsburg PA - June 2014