Luke Day 2022
This year we celebrated Luke Day, our company’s annual day of giving and community, by having a car wash and donation drive benefiting local animal rescue Speranza. Speranza’s mission is to help abused and neglected animals and to provide them with second chances. Speranza Animal Rescue takes on extreme medical and behavioral cases that other rescues cannot or will not. Speranza is a rescue, rehabilitation center, and haven for the animals saved, and each animal is promised as much time as they need. We received lots of donations from monetary donations, to bedding, to dog/cat food that we were happy to pass along to Speranza. It was a great day to get out to come together as an office for a good cause! We have the best agents (and families) in the business. Always stepping up to put Humans (in this case, our four-legged friends!) Over Houses.
May 2022 Market Update
April 2022 Market Update
March 2022 Market Update
February 2022 Market Update
January 2022 Market Update
The demand for new homes is at a record high, but the inventory of new homes available is at a record low. A new poll done by Fannie Mae finds that only 25% of homebuyers think it’s a good time to buy a home, while 69% are convinced it’s a good time to sell. Experts are predicting that although still on the lower end, mortgage rates will rise this year. Combined with the increasing home prices, this may drive some of the buyers out of the market. The average days on market in January were consistent with the end of last year at 20 days on market. New listings in Cumberland, Dauphin, and Perry counties in January increased slightly from December to 555 listings. Even with an increase in new listings, active listings decreased from the previous month to 467 total active listings. Total units sold decreased by over 250 units from December to 499 total units sold in the Greater Harrisburg Area in January. The number of homes sold in Dauphin county increased by 1.7% from January 2021, meanwhile the number of homes sold in Cumberland county decreased by almost 3% year over year. The average sales price decreased by over $21,000 to $239,585, while the median sales price also decreased by about $18,000 from December to $211,900.
If you’ve been thinking about selling your home, it is a great time to sell! Click here to see what your home could be worth or reach out to us!
NextHome Ranked The No. 1 Franchise In The Country, Again
NextHome was recently named No. 1 on Franchise Business Review’s list of the Top Franchises for 2022. This is the 17th annual ranking of the 200 best franchise opportunities as rated by franchise business owners and NextHome’s second year in a row receiving the No. 1 recognition.
NextHome, Inc. is an independently owned national franchisor with a focus on changing the way consumers work with local agents and shop for real estate online. The NextHome franchise, founded in 2014, has 570+ offices and 5,200+ members across 48 states. The company closes over 36,000 transactions annually worth over $11.8B in volume.
Franchise Business Review, a market research firm that performs independent surveys of franchisee satisfaction and employee engagement, provides the only rankings and awards for franchise companies based solely on actual franchisee satisfaction and performance. Franchise Business Review publishes its rankings of the top 200 franchises in its annual Guide to Today’s Top Franchises.
NextHome was among over 300 franchise brands, representing more than 30,000 franchise owners, that participated in Franchise Business Review’s research. NextHome’s franchisees were surveyed on 33 benchmark questions about their experience and satisfaction regarding critical areas of their franchise systems, including training & support, operations, franchisor/franchisee relations, and financial opportunity.
“While the pandemic impacted various business sectors differently, the last two years have clearly demonstrated the inherent strengths of the franchise business model. The old franchise adage of ‘being in business for yourself, but not by yourself’ has never been more important,†said Franchise Business Review founder & CEO Eric Stites. “Thanks to fast innovations, significant support, and responsive crisis management, many franchise brands have emerged stronger from the pandemic, and that is reflected in high franchisee satisfaction.â€
“Being ranked the No. 1 franchise across all industries by Franchise Business Review for the second year in a row is an incredible achievement, and it’s all thanks to our members and amazing corporate staff,†said James Dwiggins, Chief Executive Officer of NextHome, Inc. “Without their hard work and passion for making a difference in the real estate industry, NextHome wouldn’t be where it is today. Our Humans Over Houses philosophy is fostered in every decision we make as a franchise. Receiving this award confirms we are continuing to lead in the right direction for our members and is the reason we love what we do every day.â€
“As an independent research firm, Franchise Business Review is committed to helping prospective franchisees get an objective view of the best franchise opportunities, based on actual feedback from franchise owners,†said Michelle Rowan, president & COO of Franchise Business Review. “We survey franchisees from franchise companies in the marketplace today and identify those with the highest levels of satisfaction and performance in order to educate potential buyers and help them choose which franchise to invest in. The companies on this year’s list of Top Franchises are the top-ranked brands in the key areas critical to their franchisees’ success.â€
Visit FranchiseBusinessReview.com to see the full description of the 2022 Top Franchises.
Article pulled from NextHome.com.
December 2021 Market Update
The 2021 real estate market was anything but normal. However, industry experts are projecting that home inventory should increase in 2022 which would slow price appreciation. With experts projecting a rise in inventory and mortgage rates remaining relatively low, both buyers and sellers stand to benefit from moving this year. Although today’s market may not be as crazy as it was a year ago, it is still strong. The average days on market in December stayed consistent with the previous months at 21 days on market. New listings in the Greater Harrisburg Area decreased from November to 485 new listings, a decrease of almost 200 listings. Active listings also decreased to 544 units, a decrease of almost 100 from the previous month. While there were fewer homes on the market the number of units sold increased slightly to 774 units. The average sales price decreased slightly to $261,242, the median sales price also decreased to $229,900.
If you’ve been thinking about selling your home, it is still a great time to sell! Click here to see what your home could be worth or reach out to us!
November 2021 Market Update
As inventory in the Greater Harrisburg Area remained low, the market also began to slow down as the holiday season approached. The average days on market in November stayed at only 20 days, which was consistent with the previous months and a slight decrease in days on market from the previous year. New listings decreased from 812 in October to 678 new units as active listings also decreased to 627 listings from 704 in October. Units sold decreased from the previous months to 724 units sold, which was also a decrease in units sold from November 2020. The average sales price decreased just slightly from $265,347 in October to $263,281, which was up from the previous year. The median sales price increased to $231,000 which was about a $1,500 increase from the previous month and a $16,000 increase from November 2020.
If you’ve been thinking about selling your home, it is still a great time to sell! Click here to see what your home could be worth or reach out to us!
A top-producing agent in the Central Pennsylvania real estate market for over 18 years, Michael has what it takes to get you the results you deserve. 