So "How's the Market?"
Well, this seems to be THE hot topic at EVERY social event or public meeting I am attending lately. So to bring you up to date on the four markets we are covering here goes...
Harrisburg-Mechanicsburg-Carlisle Area- the market is picking up very nicely. There is actually a shortage of inventory in homes priced under $250,000 in this market right now. Multiple offers are happening again. The market over $300,000 is quiet so that means there are great buying opportuniites for those looking in the upper price ranges.
York-Adams to the Maryland Line- We are seeing this market to be holding its own, the glut of new construction inventory over $300,000 is sitting a little longer on the market and some builders are making GREAT DEALS if you are looking for one. The first time buyer market continues to be brisk.
Poconos - Northeast Pennylvania - This market is seeing some sluggishness I think due ot the fuel costs, so lets hope that New Jersey Transit gets the final thumbs up to complete the high speed rail from Scranton through Monroe County to Hoboken soon! That will help to get commuters to New York and New Jersey there quicker, reduce some traffice and help Ed Rendell get more quarters out here for the slots at Mt. Airy and Wilkes Barre. The general business world is "bullish" on the Poconos, Johnson and Johnson has a 1. 3 million square foot facility under construction and the Governor gave teh go ahead for the Fiber Optics to be installed for "Wall Street West" a redundant financial facility business park the go ahead. This will bring in more good paying jobs paying $50,000 and up. Ther eare mnay nice homes available for buyers under $175,000 in the area, contraty to what was in the paper recently. I STRONGLY dispute the PMAR assertion that the average sale price in Monroe County was $228,000 in May 2007.