KEY POINTS Thanks to tightened inventory, housing prices have been on the rise across the country. In some states, prices are hitting levels not seen since before the financial crisis,
Harrisburg Area Home Sales Jump Nearly 15 Percent In May
May was a record-setting month for the Harrisburg-area housing market.
Not only was it the best sales month of the year, it also was the best May on record, with data available since 2003.
The Greater Harrisburg Association of Realtors Multiple Listing Service reported 908 sales in May, up nearly 15 percent compared with May 2015 and up about 23 percent from April's monthly report.
The previous high for May was 802 sales in 2013.
Sales last month were up across all price ranges, according to the association's data. The biggest jump was in the $300,000 to $399,999 price range, where sales jumped 51 percent.
Cumberland County led the way with 326 sales. Dauphin County had 297.
Cumberland County home sales were up 16 percent over the year, while Dauphin County sales rose by 10 percent.
However, the biggest gain was seen in York County, where the association's listings, primarily in northern York County, accounted for 107 sales in May. That was up 35 percent from last year.
York County home sales, according to the Realtors Association of York and Adams Counties, were up 25 percent in May.
The median sale price in the Harrisburg area in May was $174,900, up from $170,000 last May, according to the the association's listings, which also cover portions of Juniata, Lancaster and Lebanon counties.
Cumberland, Dauphin and Perry counties are covered entirely by the association's MLS.
In Cumberland County, the median sale price in May increased nearly 5 percent over last year to $193,950. In Dauphin County, the median was $155,000, down 3 percent.
By Jason Scott, June 16, 2016 at 3:00 AM
Central Penn Business Journal
Michael Pion was voted Harrisburg Magazines Readers Choice Best Realtor for 2016 and was also voted 2014 REALTOR of the Year by the local REALTOR's association for his outstanding service, high princi....
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