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In the 2nd quarter of 2011 home sales in the Harrisburg region were down 21.5 % compared with the same period last year. The median selling price fell 5 % to $ 158,500 vs $ 166,900 last year.
The average market time is up to 111 DOM. ( days on market ). Compare that in 2005, at the height of the boom, the average DOM was 45 days.
Looking at more local numbers, I see positive signs. Our office, which does a lot of business in Camp Hill, Mechanicsburg and the West Shore, had an increase in total units sold of 12.6% in the first quarter compared to the first quarter last year.
Our office also showed a 17% increase in gross sales dollar volume over the same period last year.
-Cal
What Affects Credit Scores? 7 Misconceptions
If you’re trying to raise your credit score to get a good rate for a refinance or HELOC, you might be surprised by what affects—or doesn’t affect—your score. Read
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Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®
