The bad news is that homes sales decreased 12% in 2010 (compared to 2009).  But, there is some good news…the median sales price increased 1.2% to $163,900 in 2010.  That may seem like an insignificant increase to some however it’s a sign that home values are stabilizing and we’re on our way to recovery. 

Imagine living in Detroit where the average home value as of June 2010 was $67,090 with 16,925 foreclosures!!  All of a sudden, living in Central PA doesn’t seem so bad.

For more information regarding home sales in the Greater Harrisburg Area, please read the attached article.

Central_Penn_Business_Journal_January_13_2011

As always, if you want to know the current market value of your home or the market conditions at your price point, please contact me at (717)623-8508.