Here's a look at Home Sales & Prices in Harrisburg PA. Homes for sale in this area largely include Harrisburg City and the Pennsylvania Capital area. These statistics are from 2004-2008 of residential homes listed on the Central Penn Multi-List, which covers Dauphin, Perry, Cumberland Counties:
Notice how the sales peaked in 2006, but the listings peaked in 2007. 2008 Home Sales dropped to 2003 levels.
Here's a look at the average prices of Harrisburg PA Homes during the 2004-2008 period:
Note that the average list price of Harrisburg Homes that actually sold (the dark blue line) corresponds closely to the average sold price. There's a bunch of reasons for that. What's really interesting, though, is the average listing price of homes that did not sell. Take a look at the green line - it's rapidly climbing! So, the Harrisburg home seller looking to get $100K in 2008 would have had to settle for $75K? Hmmm. After a low period, expired listings came roaring back to 22% of listings in 2008.
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Coldwell Banker Select Professionals, based at 1000 North Prince Street in Lancaster and with additional offices in Lebanon, Hershey & York can be reached at 717-735-8400 or at www.cbselectpros.com. Coldwell Banker Select Professionals serves the Lancaster PA real estate, York PA real estate, Hershey PA real estate, Harrisburg PA Real Estate, Lebanon PA real estate markets with local offices and agents.
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