Home prices rose overall but lower inventory depressed sales activity in the Harrisburg area in November.
The Greater Harrisburg Association of Realtors (GHAR) today said that the median price of a home rose 3.4 percent last month compared to November 2018. Sales volume, though, fell 4.9 percent as listing inventory dropped 15.5 percent.
In Dauphin County, the median sales price of a house increased to $165,000 from $156,000 in the year-ago period and sales also increased, totaling 271 units versus 259 the prior November.
Cumberland County last month saw sales drop to 235 units from 277 in November 2018, and the median sales price fell to $197,000 from $205,000 a year ago, GHAR said. In Perry County, sales inched up to 33 units versus 31 in November 2018, and the median price was $188,000, a decrease of $1,000.
In its press release, GHAR stated that, “the number of sales was restrained by the lack of inventory.”