Central PA Real Estate Sales Statistics - May 2012
The question when driving somewhere of “are we there yet” is still being asked in the local Harrisburg PA area real estate market by many consumers. No we are not there yet but some optimism is being felt in the area. As can be seen by the graph below there is still a ways to go to bring our real estate market into what is called a balanced market, meaning across the board there is a six months supply of inventory is all price ranges. But progress is being made and the positive trend in the lower price ranges normally bodes well for the higher price ranges as we move forward.
That being said progress that we see in the market is positive. The results are as follows; the average sales price for May 2012 increased slightly when compared to April 2012 and increase by 3% when compared to May 2011. And the number of homes sold and settled in the greater Harrisburg area increased by 16% when compared to May 2011. Positives, yes, but there is a large inventory overhang in numbers of homes that are currently available for sale. Bad for sellers? Possibly. Good for buyers and my answer is yes since there are plenty of choices in all price ranges. So there is good news and we get there but as I have been saying “we are not there yet”.
School Districts
West Shore
School Average Sales Price 2011 Average Sales Price 2012 Days on Market
Camp Hill $191,114 $174,216 125/104
Cumberland Valley $265,049 $249,669 118/74
West Shore $179,210 $157,928 140/93
Mechanicsburg $194,026 $179,301 108/100
Northern York $149,378 $252,563 115/83
Carlisle $164,333 $178,879 94/192
East Pennsboro $167,876 $147,880 98/103
East Shore
School Average Sales Price 2011 Average Sales Price 2012 Days on Market
Central Dauphin $204,823 $190,660 95/109
Derry $229,523 $272,065 44/107
Harrisburg $ 68,756 $ 56,208 120/142
Lower Dauphin $261,327 $257,048 215/133
Middletown $110,967 $123,818 88/69
Steel High $ 63,375 $ 96,873 95/135
Susquehanna $168,113 $152,285 117/111
