The number of residential housing units sold in south central
Pennsylvania increased 19.5 percent in 2012. According to Central Penn Multi-List, Inc., 7,313
units were sold, up from 6,118 units sold in 2011.
In the fourth quarter (October-December) 2012, 1,774 units sold, a 26.2 percent increase
from the 1,406 units sold in the fourth quarter of 2011.
“Units sold saw a strong increase in 2012,” says Michael E. Pion, president of the Greater
Harrisburg Association of REALTORS®. “After seeing a year-over-year increase in sales for the
first time since 2009, we are pleased with the direction our market is heading.”
Median home sale prices increased in 2012, up 2.6 percent from 2011. According to
Central Penn Multi-List, Inc., the median sale price of residential homes increased to $159,000,
compared to the median cost of $155,000 in 2011.
Median home sale prices in the fourth quarter (October – December) 2012 also increased
1.0 percent to $156,500. The median home sale price in the fourth quarter 2011 was $154,900.
“Home sale price in our area remained steady in 2012, increasing modestly by 2.6
percent.” says Pion. “Prices in our market continue to show stability, and we believe this is a very
positive attribute of the greater Harrisburg area housing market.”
-moreGHAR
Listings stayed on the market an average of 109 days in 2012 – a decrease from an average
of 114 days in 2011. In the fourth quarter 2012, the average number of days on the market was 99.
In the fourth quarters of 2010 and 2011, listing times averaged 102 and 119 days, respectively.
The number of active listings in the fourth quarter dipped to 4,297, compared to 5,057 active
listings at the end of the third quarter of 2012.
Nationwide, existing-home sales increased in both October and November 2012.
According to statistics compiled by the National Association of REALTORS® (NAR), total
existing-home sales in October 2012 were up 10.9 percent from October 2011, and November
2012 sales also increased 14.5 percent from November 2011. The national median existing-home
price – $178,600 in October 2012 – increased 11.1 percent compared to October 2011. In
November 2012, the median existing-home price – $180,600 – also was up 10.1 percent from
November 2011.
“I feel very positive about the increases in home sales and median price in 2012,” says
Dave White, sales director of Jack Gaughen REALTOR® ERA in Hershey. “The statistics show
that buyers continue to take advantage of favorable market conditions, while sellers can feel
confident that home sale prices continue to be stable.”
Pennsylvania increased 19.5 percent in 2012. According to Central Penn Multi-List, Inc., 7,313
units were sold, up from 6,118 units sold in 2011.
In the fourth quarter (October-December) 2012, 1,774 units sold, a 26.2 percent increase
from the 1,406 units sold in the fourth quarter of 2011.
“Units sold saw a strong increase in 2012,” says Michael E. Pion, president of the Greater
Harrisburg Association of REALTORS®. “After seeing a year-over-year increase in sales for the
first time since 2009, we are pleased with the direction our market is heading.”
Median home sale prices increased in 2012, up 2.6 percent from 2011. According to
Central Penn Multi-List, Inc., the median sale price of residential homes increased to $159,000,
compared to the median cost of $155,000 in 2011.
Median home sale prices in the fourth quarter (October – December) 2012 also increased
1.0 percent to $156,500. The median home sale price in the fourth quarter 2011 was $154,900.
“Home sale price in our area remained steady in 2012, increasing modestly by 2.6
percent.” says Pion. “Prices in our market continue to show stability, and we believe this is a very
positive attribute of the greater Harrisburg area housing market.”
-moreGHAR
Listings stayed on the market an average of 109 days in 2012 – a decrease from an average
of 114 days in 2011. In the fourth quarter 2012, the average number of days on the market was 99.
In the fourth quarters of 2010 and 2011, listing times averaged 102 and 119 days, respectively.
The number of active listings in the fourth quarter dipped to 4,297, compared to 5,057 active
listings at the end of the third quarter of 2012.
Nationwide, existing-home sales increased in both October and November 2012.
According to statistics compiled by the National Association of REALTORS® (NAR), total
existing-home sales in October 2012 were up 10.9 percent from October 2011, and November
2012 sales also increased 14.5 percent from November 2011. The national median existing-home
price – $178,600 in October 2012 – increased 11.1 percent compared to October 2011. In
November 2012, the median existing-home price – $180,600 – also was up 10.1 percent from
November 2011.
“I feel very positive about the increases in home sales and median price in 2012,” says
Dave White, sales director of Jack Gaughen REALTOR® ERA in Hershey. “The statistics show
that buyers continue to take advantage of favorable market conditions, while sellers can feel
confident that home sale prices continue to be stable.”