When Is The Market Going To Change?

I get asked the "when is the market going to change" question about twice a day. In fact, I think I've been asked that almost every day since I got into this business about 20 years ago.

While I help people all over the globe, I'm hands-on in the area within about 90 minutes of Harrisburg. The thing with this location is that people *like living here*. Looking over my past client list - I am seeing some trends that (in my opinion) prove just how well-liked the 717 area code is.

A number of my clients grew up in Pennsylvania. Then - they moved away, only to return. Their reasons are many but popular answers are the cost of living, community, and employment.

This is a big reason we have a low inventory of homes. People want to live here.

Do I think there is going to be a shift? Yep! But nothing so drastic as seeing whole neighborhoods for sale like we saw in other parts of the country a few years ago.

The reality is that the sellers I represent are able to take advantage of the current housing demand. Their homes are selling quicker. However, my buyers are still buying too. Everyone I work with - if they are serious about it - gets their home.

Not sure what to do, or when? Give me a call.

But to answer that question - "When is the market going to change"? The answer is today :-)

The Reluctant Real Estate Recruiter: Me?

The phone rings and it is the daughter of a friend. Or maybe an old highschool acquaintance. Neighbor. Past client. They are interested in doing what I do. Full of energy. Almost all of them tell me they watch most of the HGTV house buying/selling/flipping/designing shows. They love looking at houses. I have to pause and remember what I promised myself a few years ago. When I first got into this business it wasn't long until my old brokerage asked me to mentor new real estate agents. The same demeanor that helps me form successful working relationships with clients today led to a thought that I would be a great ambassador for new Realtors 20+ years ago. Think again. The National Association of Realtors (NAR) announced that in 2023 they lost over 26,000* members. How does that happen? While there are some other factors (ie, selling real estate without being under the NAR umbrella, retirement, etc .. ) a reasonable assumption is an overwhelming majority of Realtors left the business...

Let's Go For A Walk: Meet the Wurbles

When's the last time you opened your front door and walked down the street for a cup of joe or to hit the gym? A number of people, especially those in the "717", can't do that. We live in the suburbs. The country. We drive to work, shop, and play. Some stats and news reports the last two years would have you believe that everyone is moving to the sticks. The truth is, I've never had so many people tell me they want to live in a community where they can walk or bike for shopping, exercise, work, school, etc ... Some things to consider if you find it appealing to be using your car less. This goes for both buying a home or renting. - Flirt with living in town . A novel idea! Take your pick, almost all of them have housing options that allow you to do a number of things on foot or two wheels. If sustainability is important to you, this is a homerun - Live near public transportation . The "717" doesn't have a subway, but options include the CAT bus, ...

92 Months

It has been 92+ months in a row that the median price of homes in the 717 area code have increased. The difference in median sales price from just one year ago is +8%. On the flipside, buyers in the 717 area do have *more* choices than they did last year. There are more homes available. Prices going up, but more homes available. This is not the same in other areas in the Mid-Atlantic region. What does all this mean? I started helping people buy and sell real estate over 20 years ago. There have been highs and lows for buyers and sellers - but generally speaking they haven't been as high or low in Central Pennsylvania as they are in many other parts of the country and even within our own state. Make a move when you want to, not when the talking heads on the TV tell you it is time. *statistics courtesy of BrightMLS report Nov 13, 2023

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