Housing Outlook


By r. brock pronko
Regional Business Analyst

The PA Association of Realtors released its Q1-2016 report in April. Overall, housing trends were positive: new listings increased 7.3 percent; pending sales were up 2.2 percent; inventory levels shrank 4.2 percent; days on market dropped 7.4 percent to 88 days; and prices continued to rise, with the median home sales price up by 1.3 percent to $155,000.

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