The number of sales in the Greater Harrisburg area jumped 18.1% to 607 from the year-ago quarter as listing inventory drifted 10% lower to 1,855 over the same period.
The sharp drop in mortgage rates over the past year has created additional demand. The pace of the market, the number of months to sell all listing inventory at the current rate of sales, moved 22.5% faster to 3.1 months from the year-ago quarter.
The average days on market decreased from 48 to 44 while units sold increased from 584 units in 2018 to 644 units.