Published by Michelle on 15 May 2008 at 10:46 am
Central PA First Quarter 2008 Sales Results - Residential Sales
The following data is pulled from the Central Penn Multi-List Service. It’s proof that homes are selling in Central Pennsylvania at all price points. Naturally, the list price comes in to play so the data is segregated by the actual selling price (not list price).
Selling Price Units Sold Avg. Days on Market Active Listings
$199,999 and below 1,011 44 2,023
$200,000 - $299,999 298 93 1,088
$300,000 - $399,999 102 94 488
$400,00 and above 60 111 504
Note to Sellers: If the market value of your home is hovering around $200,000, it is in your best interest (if you want a fast sale) to price your home under $199,999. Homes are selling fast in the $199,999 and under category.
Note to Buyers: The same information applies to you. If you are looking to buy in the $199,999 range and under, be prepared to make an offer on a home that you really like. If you hesitate or take a week or so to get pre-approved, the home may be under contract and no longer available.