Real Estate Market Report for Stroudsburg PA 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.