As the median listing prices steady, there are hopes of a positive change in the market for homebuyers, according to Realtor.com. Nationally the inventory of new homes on the market was lower than the previous year, according to Realtor.com, there were 305,000 fewer homes actively for sale in July compared to July of 2020. Due to the low inventory of homes on the market, many buyers had to make quick decisions on homes. In the Greater Harrisburg Area the average days on market in July was 15 days, over a 50% decrease from July 2020. New listings on the market also decreased from June’s high of 1,030 new listings to only 749 new listings in July. Even with a decrease of new listings, active listings on the market stayed consistent with the previous months at 629 active listings. Total units sold decreased slightly from June to 783 units in July, which was also a slight decrease from July 2020. In Dauphin and Perry counties, there was about a 7% decrease in units sold from the previous year. The average sales price for July stayed consistent with the previous month at $264,738, almost a $30,000 increase from the previous year. The median sales price increased by about $5,000 from June to $233,000 which was also a $15,000 increase from July 2020.
If youâ€™ve been thinking about selling your home, there is no better time! Click here to see what your home could be worth or reach out to us!