Advertisement

Change location:

Region

State

City

Harrisburg, Carlisle, PA

You have successfully subscribed to the local housing data e-newsletter for .

If you wish to receive monthly updates for other market areas please subscribe to new markets using our expanded form.

 
 
 
 
 

Account Linking

Welcome, (USER NAME). Do you have an existing builderonline.com account?

Complete Registration

I would like to create a new account with my (SOCIAL NETWORK) profile information

What type of projects does your firm construct or design? (optional)

or
Link Existing Accounts
Unlock charts and graphs!

Once registered, see a dozen additional charts on 366 cities around the US.

 
Enlarge

Harrisburg, PA Local News

Harrisburg, PA - Newest New Home Sales Numbers Give Hints Market Fall is Slowing

Posted on: May 07, 2012 09:15:32 AM

In the Harrisburg, PA market, new home sales fell year-over-year in February, but the decline in percentage terms was an improvement from January 2012, suggesting that the market may be leveling out. There was a 15.4% fall in new home sales from a year earlier. In comparison, new home sales in the same month last year saw a 34.5% drop year-over-year in January.

A total of 445 new homes were sold during the 12 months that ended in February, down from 449 for the year that ended in January.

New home sales made up 6.7% of overall housing sales. This is a decline 7.9% of sales a year earlier. After being steady in January from a year earlier, sales of new and existing homes remained level in February.

Advertisement

Pricing and Mortgage Trends

The average price of newly sold homes dipped 4.8% year-over-year in February to $285,010 per unit. This decline is larger than the 1.6% decline in January from a year earlier.

The average mortgage size on newly sold homes fell year-over-year in contrast to the average price of new homes. In February 2012, average mortgage size slipped 5.2% from a year earlier to $232,379. In January 2012, average mortgage size on newly sold homes saw a 2.9% decline from a year earlier. For newly sold homes, the percentage of sale price being financed moved from 81.9% of average price to 81.5% from a year earlier. This came after a 1.1 percentage point decline in January from the year earlier.

 
 
Advertisement
 

Change location:

Region

State

City

 
 
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
 
Advertisement