Harrisburg PA Real Estate Market Report - February 2012
I wanted to provide some interim information on the Harrisburg PA real estate market.
Sold Homes
Homes sold and settled for the first two months of 2012 are up over 10% when compared to the same period of 2011. And homes that are under contract in the same period are up over 15%. What do I attribute that to? As I have been saying for the past few months one of the factors is the incredible low interest rate environment for one and I also think the great weather we have had has been a possible influence on the market. And yes some very attractive pricing also has had an impact for the increase in sales for this period.
Average Sales Price
There is one piece of sobering news and that is the average sales price of Harrisburg PA real estate has declined to $166,078 and that is approximately an 8% decrease for the first two months compared to 2011. But in my opinion, that there has been such a decrease does not concern me as we progress through the remainder of this year. Why can I say this? Because I have seen many homes come to the market recently and be under contract within 10 to 15 days and in many price ranges and we haven’t seen the numbers like this in a few years. And the activity crosses many price ranges although the higher priced homes are still moving at a slower pace than the lower priced homes.
I just wanted to give some good news to potential buyers and sellers and within the next week I will provide the normal breakdown for school districts for your review. And if would like to scan the most up to date data on homes that are currently for sale in the Harrisburg area, please visit my web site, www.DonRoth.com, and click on the search listings tab and you will have a wealth of information available to you. Have a great day and enjoy our fabulous weather.
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When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.
When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.
As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.
If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com
