The industrial real estate market in the greater Hanover area was very tight in the first half of 2022, with a vacancy rate of less than 1%.

Two multifamily properties in Harrisburg totaling 59 units were sold recently for $5.25 million by the New Jersey-based Kislak Company, Inc.

As the local housing market slows to a less frenetic pace, home prices in some areas show signs of stabilizing, according to August numbers.

ShoreGate Portfolio, a four-property, 75-unit apartment portfolio in Gettysburg and Hanover, sold for $4.55 million, according to Sean Beuche, regional manager of Marcus & Millichap’s King of Prussia office.

Fewer and fewer houses listed for sale are receiving multiple offers, real estate brokerage company Redfin reported, confirming what local agents are seeing as well.

Pennsylvania’s median home sales price climbed to $219,154 in July, up almost $3,000 from June, according to a report prepared for the Pennsylvania Association of Realtors.

Highlighted by the sale of a York-area office building for nearly $6 million, Rock Commercial Real Estate announced $21 million in sales transactions and 563,000 square feet in lease transactions in the second quarter of this year.

For the first time since April, the 30-year mortgage rate average has fallen under 5%. Freddie Mac’s Primary Mortgage Market Survey, released Thursday, showed the average for a 30-year, fixed-rate mortgage was down to 4.99%.

Home prices continue to rise in central Pennsylvania but demand shows signs of softening, even as June remained a seller’s market with many listings selling quickly.

The 2022-2023 state budget just signed by Gov. Tom Wolf includes $125 million to fund a new program to pay for home repairs and other improvements for those with limited incomes.

SCOPE Commercial Real Estate Services LLC, a Philadelphia-based middle-market multifamily investment sales firm, has sold Madison & Brookside Court, a 309-bed student housing complex in Shippensburg to an unidentified West Coast buyer.

In May, housing price increases in central Pennsylvania kept up their double-digit pace, as many homes still sold for above asking price, even as rising interest rates are causing some buyers to hesitate.

Gov. Tom Wolf announced 245 housing and community development projects in 67 counties that will receive funding through the Pennsylvania Housing Affordability and Rehabilitation Enhancement (PHARE) fund.  

Median rents in Harrisburg ticked up slightly in April after flattening the previous month.

Home prices in central Pennsylvania kept climbing in March as a large majority of listings continued to draw multiple offers.