Could home sales finally be recovering?
They are, at least in Pennsylvania, according to the Greater Harrisburg Association of Realtors. Here in South Central PA, the number of homes sold increased almost 20% in 2012. But the median price isn't changing as drastically.
In Lancaster, Lebanon, Dauphin, Cumberland, Perry, York, Franklin and Adams County home sales are up. The Greater Harrisburg Association of Realtors says in South Central PA, 6,118 homes were sold in 2011 and 7,313 were sold in 2012, a 19.5% increase.
Members of the Greater Harrisburg Association of Realtors say now could also be the time to snag a low interest rate, before it's too late
Aaron Piscioneri, Greater Harrisburg Association of Realtors:
"Interest rates have been historically low for a long time, they should be going up at some point, maybe by 2015 or even sooner than that."
The median price hasn't moved as drastically and varies across our multiple counties. Experts say that could be because our market wasn't hit as hard in the housing crisis to begin with.
While sales are up here, there are still deals to get.
Piscioneri:
"It has been strong buyers market for years and that is shifting. Sellers need to price appropriately and well to get a sale."
We mentioned that median home prices not shifting as drastically, to give you an idea, in Lancaster County, the median sale price went up under $4,000 and in Dauphin County, just under $6,000.
They are, at least in Pennsylvania, according to the Greater Harrisburg Association of Realtors. Here in South Central PA, the number of homes sold increased almost 20% in 2012. But the median price isn't changing as drastically.
In Lancaster, Lebanon, Dauphin, Cumberland, Perry, York, Franklin and Adams County home sales are up. The Greater Harrisburg Association of Realtors says in South Central PA, 6,118 homes were sold in 2011 and 7,313 were sold in 2012, a 19.5% increase.
Members of the Greater Harrisburg Association of Realtors say now could also be the time to snag a low interest rate, before it's too late
Aaron Piscioneri, Greater Harrisburg Association of Realtors:
"Interest rates have been historically low for a long time, they should be going up at some point, maybe by 2015 or even sooner than that."
The median price hasn't moved as drastically and varies across our multiple counties. Experts say that could be because our market wasn't hit as hard in the housing crisis to begin with.
While sales are up here, there are still deals to get.
Piscioneri:
"It has been strong buyers market for years and that is shifting. Sellers need to price appropriately and well to get a sale."
We mentioned that median home prices not shifting as drastically, to give you an idea, in Lancaster County, the median sale price went up under $4,000 and in Dauphin County, just under $6,000.