I have assembled sold statistics across our region. We have some interesting results. In ALL cases, the business is down from last year (which was a good year) but there are
some interesting nuggets of information in here. All numbers compare this year 2014 to last year 2013. Keep in mind that 2013 was an ‘up’ year and a recovery over 2012 overall.
In 2 of three markets the business was better in May – Allegheny Highlands (Blair/Bedford) and Cambria/Somerset both improved over last year. Cambria/Somerset was essentially flat with a 3% decrease (far better than last month with a 32% decrease). Allegheny had a 20% decrease vs. 23% last month. Centre county actually did slightly worse last month with roughly a 5% decrease.
Centre county overall is quite healthy – nearly $31Million in homes sold with 82 days on market average points to a housing inventory shortage more than anything. That is one hot market.
In all cases the word I get from agents is that there still isn’t enough inventory. Despite the houses on the market, the buyers are saying there is nothing to choose from. If you have a house to sell, now would be the time to talk to a Realtor at Perry Wellington Realty to get it on the market.
All information is courtesy of the following:
Based on information from the Allegheny Highland Association of REALTORS, Inc.
Based on information from the Centre County Association of REALTORS, Inc.
Based on information from the Cambria Somerset Association of REALTORS, Inc.