Central Pennsylvania’s housing market has been booming for more than a year.
Houses have received numerous offers and have been selling way above asking price. And they have been flying off the market at an unbelievable speed.
In-person real estate sales were banned in much of the state for about two months last year during the state’s shutdown of non-essential businesses due to the COVID-19 pandemic. After the ban was lifted in May 2020, housing sales have been on fire ever since.
The Greater Harrisburg Association of Realtors, which includes Dauphin, Cumberland and Perry counties, continues to see strong sales figures.
In the three-county region, the median price reached $235,500 in August, which is about $40,000 higher than it was two years ago. Houses across much of the midstate are selling in less than three weeks, and in some areas, homes are only staying on the market for a week.
So it’s clear the housing market in the region remains hot. But…