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Harrisburg-area home prices, sales rise in August

Home prices continue to soar in Central Pennsylvania as buyer demand remains strong despite a dwindling supply of homes for sale.

The Greater Harrisburg Association of Realtors this week reported 989 home sales in August, which was up 4.4 percent from the same month a year ago.

Sale prices rose even faster while the average listing is now selling in less than two months.

The median-sale price in August was $184,900, a roughly 9 percent increase from last year. The average home sold for the month was on the market for 57 days, down from 67 a year ago.

And while the bulk of homes are still sold below $200,000 — there were 549 in that price range in August — higher price points also saw increases over last year, the association said.

The $200,000 to $299,999 price range produced 261 home sales for the month, up from 227 last year. Meanwhile, there were 72 home sales for properties priced over $400,000. That was up from 42 in August 2016.

By county, Cumberland County led the way with 346 home sales in August, an increase from 336 a year ago. The median-sale price in the county rose to $204,940 from $178,450 last year.

In Dauphin County, there were 325 sales, up from 311, while the median-sale price increased to $169,900 from $157,500.

The greater Harrisburg area also includes Perry County and portions of several surrounding counties, including Juniata, Lancaster, Lebanon and York.

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