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Real Estate Market Report in the Poconos - August 2014
Poconos Real Estate Market Report - August 2014
In reviewing the Real Estate market in the Poconos for August we begin by looking at our Average Prices. Average List Price of the Active Listings; Average Price of the Active Listings when they went under Contract - Pended; and then the Average List Price of the Home when it Sold.
You can see several important items when comparing these Prices in the chart above.
The Average Sold Price for the year has been fluctuating continually.
The Average Sold Price for August was UP from July.
The Pended Price and the Sold Price are still quite a bit below the Average List Price.
The Average List Price of homes in August of 2014 was still around the same as it was for September of 2013.
This difference tells us that in our Buyer’s Market, Buyers are still not willing to pay what is considered “Market Value” when these homes in the Poconos for sale come on the Market. It shows that many home sellers are having to make price adjustments on their asking prices on a regular basis to get Buyers to choose their home. If you ... more
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