Surviving the Pocono Real Estate Market Turbulence | August 2023 Poconos, PA Housing Market Update

Send us a textPicture this: you've been watching the Pocono real estate market closely, but the skyrocketing 30-year mortgage rate, which is on the brink of a 7% two-decade peak, has you questioning your next steps. The market's reaction hasn't been encouraging either - new listings in Monroe County are down 13.6%, while pending sales and inventory have decreased by 22.6% and 18.8% respectively. Surprisingly, the median sale price is up 6.9%! Tune in as we dissect these elements and ponder wh...