Cumberland, Dauphin counties' home sales up big
Home sales in both Dauphin and Cumberland counties rose in October versus the same month in 2012, and both counties had their best Octobers since 2009.
The Greater Harrisburg Association of Realtors reported 241 units sold in Dauphin County in October against 159 last October, nearly a 52 percent increase year-to-year.
In Cumberland County, 242 homes sold in Cumberland County in October, up from 195 in the same month last year, an increase of more than 24 percent.
It was the best October the association has reported in home sales since 2009 in both counties.
The median price of the homes rose in each county as well. Cumberland median price went from $153,500 last year to $182,700 and Dauphin went from $144,400 to $149,000.
Overall, the association — which includes Cumberland, Dauphin, Perry and parts of York counties — reported units sold went from 532 in October 2012 to 678 this October, an increase of 27.4 percent.
Homes are still spending a long time on the market compared to 2007 before the housing bubble broke. The association reported that overall, homes spent an average of 92 days on the market this October compared to 91 last October and 58 in October 2007.