Did you know that Realtor.com (the #1 search engine for real estate – homes for sale) publishes Monthly Housing Summary’s? Each month, Realtor.com reports on 146 Metro Statistical Areas (MSA) throughout the nation and monitors real estate trends including consumer search behavior, median list prices on for sale properties, active inventory counts, median age of inventory, supply and demand indicators, and more. This data comes directly from actual listings posted on the site by 933+ multiple listing services throughout the country. All data provided in these reports are not surveys or projections, but actual market activity in real time and reflect the snapshot in time from which the data was pulled. List price data are asking prices on listings set by sellers, not contract offers or closing sales prices. Median age of inventory is the days a listing is displayed on Realtor.com, which may differ from days on market calculated by the MLS where the listing is posted. Data are corrected as necessary on a quarterly, bi-annually or annual basis.
October 2011 real estate search results are in and Harrisburg-Lebanon-Carlisle, PA was the #75 most searched market in the country in October 2011, based on data released by Realtor.com Median list prices for homes in Harrisburg-Lebanon-Carlisle, PA hit $175,900 in October 2011, a 3.53% increase from one year ago this month, and -0.57% decrease from September 2011. The national median list price in October 2011 was $189,900, a 2.65% increase compared to October 2010.
ACTIVE for sale inventory of homes in Harrisburg-Lebanon-Carlisle, PA in October 2011 leveled out at 5,810, a -7.33% decrease compared to October 2010. National inventory counts for October 2011 were 2,116,794, a -20.77% decrease as compared to a year ago. The median age of inventory in Harrisburg-Lebanon-Carlisle, PA in October was 118 days, a 2.61% increase compared to September 2011. Nationally, the median age of inventory was 110 days, a 2.80% increase compared to September.
In Harrisburg last month, the median list price increased year-over-year (3.53%) and the inventory decreased (-7.33%). These are both good signs for the market.
The median age of inventory, at 118 days, is also close to the national median of 117 days On the national level, inventory of for-sale single family homes, condominiums, townhouses and co-ops declined by -3.48% in one month from September to October, and is now down by -20.77% compared to one year ago. While the median age of the inventory increased by 2.80% in one month -- a largely seasonal effect that reflects the end of the home buying season - the median age of inventory of for-sale homes had been on the market for 110 days in October, down by -1.79% compared to a year ago.
Median list prices, which have remained essentially unchanged since June, are up by 2.65% nationally on a year-over-year basis. Each of these developments can be viewed as a positive sign that that the market has stabilized and in some parts of the country, has begun to recover.
If you would like more information on the monthly real estate trend reports released by Realtor.com, please contact PR@Move.com
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