Both home sales and prices swung up in August in the Harrisburg area, largely due to falling interest rates.
The Great Harrisburg Association of Realtors (GHAR) credited declining mortgage rates for sales that rose 5.3 percent to 720 units compared to the year-ago period. Median sales prices increased by 10.5 percent to $199,500 over the same period, GHAR said.
In Dauphin County, sales totaled 346 units, an increase of 16 units, while the median sales price rose 12.1 percent to $184,900 compared to August 2018, according to GHAR. Cumberland County saw sales go up by 9.7 percent to 350 units, with the median price up by 9.3 percent to $218,500.
Perry County had a decrease in volume, with sales down by 11 units to 24 units compared to the year-ago period, GHAR said. The median sales price also dropped, down 9.5 percent to $153,750.