Sales declined a bit, but prices increased considerably, as the area’s real estate association released its existing home sales report for August.
In the three-county coverage area, sales dropped to 810 housing units compared to 866 in August 2020, but the median sales price rose by 9.3% to $235,000, according to the Greater Harrisburg Association of Realtors (GHAR).
The Dauphin County market experienced substantial price appreciation, as the median sales price of a house jumped to $216,000 versus $170,600 last August. The number of houses sold dipped to 376, a decline of nine units, GHAR stated.
In Cumberland County, sales fell by 16 units to 380 houses, while the median sales price rose to $265,000 from $240,000 the prior August, according to GHAR.
Perry County had 41 home sales, a decline of two compared to last August, as the median sales price increased to $230,000 from $149,900 last year, GHAR said.
Houses were also selling quickly. According to GHAR data, the “average days on the market” in August was just 17 days, compared to 35 in August 2020.
The area’s housing market has been very active, with substantial price appreciation, throughout the last year.
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