Steadily and slowly the Harrisburg PA real estate market continues to improve on many fronts. The number of homes sold and settled in February 2012 increased by 18% over the same period in 2011 and the number of homes sold and pending increased by approximately 15% since the end of 2011. But the average sales price for homes settled decrease by about 5% in February when compared to February 2011. And the number of active listings for residential listings increased slightly since the end of 2011. Overall this is excellent news for the areas real estate market and it is anticipated that the overall positive trend will continue throughout the year.

I have been asked by many people “how is the market and is this a good time to buy or sell a home?” My answer is absolutely, and yes! I assist buyers and sellers in most likely their largest financial transaction that will occur, and my answer is absolutely. Why? As I have been saying interest rates are at or near historic lows and there is only one direction they are going and that is up, almost guaranteed. As with the price of a home and the comment of I am going to wait until they hit bottom. Well, my answer is that we never know where the bottom is until they have already begun an upward trend. And if I was that smart to figure out the bottom, I would be spending more time on the beach rather than giving you an analysis of what appears to be an improving real estate market. Will there be challenges ahead? Absolutely, but remember when prices were keeping many people from buying a home? Well, you now have a once in a lifetime opportunity to purchase a home at a unique time in our history.

Remember there is an excellent inventory of homes in all prices ranges so to find your next home please visit my web site, www.DonRoth.com, and click on the search listings tab and find the most current list of available homes for sale.  

Harrisburg PA Real Estate Sales Statistics - Feb 2012

 

West Shore School Districts

 

School District    Average Sales Price 2011 Average Sales Price 2012      Days on Market

Camp Hill                    $125,900                                 $155,900                     184/90

Carlisle                        $168,012                                 $199,130                     160/155

Cumberland Valley      $266,689                                 $283,057                     162,116

East Pennsboro            $115,960                                 $189,075                     101/67

Mechanicsburg             $210,978                                 $165,354                     89/174

Northern York                $215,025                                 $173,206                     139/154

West Shore                    $169,636                                 $156,007                     90/114

 

East Shore

 

School District               Average Sales Price 2011 Average Sales Price 2012      Days on Market

Central Dauphin        $201,096                                 $156,527                     177/115

Derry Twp                  $309,625                                 $216,863                     70/124

Harrisburg                  $ 46,628                                  $ 59,924                      121/111

Lower Dauphin          $213,853                                 $227,433                     55/145

Middletown                $179,925                                 $ 79,419                      163/93

Steel High                   $69,500                                   $ 42,633                      65/142

Susquehanna Twp     $195,471                                 $129,294                     131/125

Search all Harrisburg PA homes for sale.

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.