Pocono Summit PA Real Estate Market Report for April 2014
AVERAGE SOLD PRICE OF HOMES:
The Average Sold Price of homes sold in Pocono Summit PA for April was $89k versus $87k for April of 2013. A 1.3% increase. We like to see that!
NUMBER OF HOMES SOLD:
The Number of Homes Sold in Pocono Summit PA for April was 8 versus 7 for April 2013. Good to see the number of homes sold on a monthly basis continues to increase.
YEAR TO DATE STATISTICS FOR 2014 in the Pocono Summit PA Real Estate Market:
The Year to Date Average Sold Price in Pocono Summit PA for 2014 is $86K compared to $110k for 2013. We have to remember that foreclosures accounted for 40% of the sold homes in Monroe County for April. Hopefully next month, this number will be much better.
The Number of Homes Sold Year to Date in Pocono Summit PA for 2014 is 20 compared to 15 for 2013. A 33% increase. Very nice..
This month makes 18 months in a row that the number of homes sold in the Poconos (Monroe County) has exceeded last years numbers. With increased demand comes an increase in prices, eventually. The Absorption Rate needs to drop to around 6 months to be a balanced market and then at that point we have our best chances of seeing our prices begin to rise again, steadily.
More Important Statistics to consider in the Pocono Summit PA Real Estate Market Report for April 2014 in the Poconos are:
- The Average Days on the Market was 109.
- The Sale to List Price Ratio was 92%.
- The Absorption Rate is 12 months
- The Number of Pending homes is at 8
- The Number of Active Listings is 46, up 12% from last April
These trends in the Pocono Summit PA Real Estate Market Report tell us that it is a Great Time to sell your home in Pocono summit PA. When looking for a Pocono Summit Real Estate Agent to help you sell your home in the Poconos, give Bobbie a call. Together with RE/MAX of the Poconos we will help you reach your goal. SOLD!