Central PA Real Estate Market Report - June 2012
One of the most important items when considering whether to buy or sell a Central PA home is to look at the absorption rate in an area. This means the average inventory of homes for sale in a price range you are considering and see how many months of inventory (competition) is available in your desired price range.
History has showed that a six month inventory level is considered a normal market, below signifies a sellers’ market and above six month is considered a buyers market. Through the first six months of this year our market has been progressing towards a normal market in many price ranges. And although the market has improved substantially we have experienced an increase of 2.8% in the numbers of homes for sale. Meaning there are many homes competing to gain the attention of buyers in the market.
Accurate pricing and/or price adjustments are still critical to get a Central PA home sold.
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 email@example.com.