Monroe County Market Update

By
Real Estate Agent with Keller Williams Real Estate

September 2009 numbers are in for in Monroe County sold homes (Residential properties in Monroe County closed in Sept 2009, Pocono Mountain Flex MLS).  We had 123 homes sell in September, and although this number was slightly lower than August 2009, the average sale price has increased nearly 3%, to $169,007.  Over 20% of homes sold in Monroe County in September were foreclosures, and there are still currently 90 homes in foreclosure available in our county.  Our numbers are down compared to last September, however, with the average sale price nearly 15% lower in September 2009 compared to September 2008. A piece of good news to end on...this year has seen an upward trend in home sales, so although we're still lower compared to where we were last year, we're using positive momentum in 2009! From Q1 to Q3 of 2009, our average sale price increased over 4% and the number of homes sold increased nearly 50%!

You still have some time to take advantage of the $8000 first time home buyer's tax credit, as long as you close before November 2009! Mortgage rates are still low and you still have a lot to choose from in the Pocono Mountains! There's something for everyone here!

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Pennsylvania Monroe County
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monroe county real estate
pocono mountains real estate

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Bob Kelly

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