News

Housing market booming in parts of midstate

Written by Ben Allen, General Assignment Reporter | May 17, 2016 4:29 PM
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(Harrisburg) -- More people are buying more expensive houses in some parts of the midstate.

Look at Dauphin and Cumberland counties, where April sales jumped more than 10 percent compared to last year.

Houses are also on the market for less time and the average price is up.

The only blemish is the median price - which was down $3,000 for April, to 160,000.

Some houses in Cumberland County neighborhoods are drawing multiple offers within hours of getting listed.

Jody Diego, president of the Greater Harrisburg Association of Realtors, says low interest rates are driving demand...

"Those numbers stick out really well because we have a lot of activity there, and if it's good product, you've got again, that multiple offer situation," she says.

Diego says houses listed for less than $300,000 in the greater Harrisburg area have been selling particularly well.

"Well it is typical in our market today in some of the areas. Exactly what you stated. We are noticing more of that this year than we have in the past," adds Diego.

She says more sellers and buyers both see themselves getting a value for the deal, as she argues the midstate's housing market has become more stable.

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