Greater Harrisburg - South Central Pennsylvania - 2013 Market Overview

In the Greater Harrisburg Area, 2013 proved to be a good year for housing. Home sales and prices were generally higher across the nation, while foreclosures, the number of homes for sale and the number of days it took to sell a home were all much lower. 

The area’s new listings decreased 1.2% to 1,638, although pending sales were up 5.8 % to 1,177.  Inventory levels decreased 6.8 % to 3,193 units.

Our median sales price increased 4.1 % to $161,400. The days on market were down 10.3% to 87 days. Absorption rates improved as months-supply-of-inventory were down 15.8 % to 6.4 months.

Interest rates continue to remain low (but upwardly mobile), prices are still affordable, the employment picture looks decent and the stock market is up over 15.0 % from this time last year.

Here's to more of the same in 2014!