The 2021 real estate market was anything but normal. However, industry experts are projecting that home inventory should increase in 2022 which would slow price appreciation. With experts projecting a rise in inventory and mortgage rates remaining relatively low, both buyers and sellers stand to benefit from moving this year. Although today’s market may not be as crazy as it was a year ago, it is still strong. The average days on market in December stayed consistent with the previous months at 21 days on market. New listings in the Greater Harrisburg Area decreased from November to 485 new listings, a decrease of almost 200 listings. Active listings also decreased to 544 units, a decrease of almost 100 from the previous month. While there were fewer homes on the market the number of units sold increased slightly to 774 units. The average sales price decreased slightly to $261,242, the median sales price also decreased to $229,900.
If you’ve been thinking about selling your home, it is still a great time to sell! Click here to see what your home could be worth or reach out to us!