Pocono Pines's real estate market is experiencing a price correction, with values down 7.1% from last year. Home prices have decreased 16.4% in the past month. With 4.0 months of supply, Pocono Pines's inventory levels remain relatively tight. Transaction volume is up 50% compared to what's typically expected this time of year. Only 2.8% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 22.2% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Pocono Pines market with the affordability index at 1928.7. Based on current market indicators, home prices in Pocono Pines are projected to decrease by approximately 6.8% over the next month.
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