Real Estate Market Report in Stroudsburg PA for October 2014.
With Stroudsburg being the largest city closest to the Delaware Water Gap their demand is higher due to their commuter friendly location to New Jersey and New York therefore we usually see improvements in this market before we do in those locations farther away from The Gap so we watch this market closely. Details of the Stroudsburg Real Estate Market are given below.
AVERAGE SOLD PRICE:
↑The Average Sold Price of homes sold in Stroudsburg PA for October was $199k, UP 23% from $161k for 2013 and down from $212k for September
Foreclosures were 8% of the Homes sold in Stroudsburg PA for October.
The Average Sold Price in Monroe County for October was $137k.
NUMBER OF HOMES SOLD:
↓The Number of Homes sold in Stroudsburg PA for October was 24, DOWN 7.8% from October 2013 and up from 19 for September. The Number of Pending Homes in the Stroudsburg Real Estate Market is UP 6% to 32. YUP - YEAH!
YEAR TO DATE STATS IN THE STROUDSBURG PA REAL ESTATE MARKET REPORT:
The Number of Homes sold year to date in Stroudsburg PA is 214, UP 12% from the 191 sold for 2013.
The Number of Homes sold in Monroe County for October was 267.
The Average Sold Price year to date in Stroudsburg PA is $172k, DOWN 1% from $173k for 2013. This is the best stat we have seen this year for average sold prices in the Stroudsburg area.
Other Important Statistics to consider in the Stroudsburg PA Real Estate Market Report for October 2014 are:
The Average Days on the Market was 126
The Sale to List Price Ratio rose to 99%
The Absorption Rate is around 9 months.
The Number of Pending homes is currently at 32
- The Number of Active Listings dropped 6.6% to 197
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. 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 Real Estate Market.
Stroudsburg PA Real Estate Market Report - October 2014.