We’re pleased to report that nationally, pending home sales (contracts, not closings) were higher in May than they have been in six years. Realtors across the nation keep a close eye on indices like the Pending Home Sales Index because they are based on far-reaching and forward-looking. The PHSI increased to 112.3 in May from a downwardly revised 105.2 in April, and is 12.1 percent above May 2012 when it was 100.2. The PHSI in the Northeast was unchanged at 92.3 in May but is 14.3 percent above a year ago.
Contract activity remains very strong across the U.S. and in Central PA.
Now is the time to take advantage of current affordability conditions, before mortgage rates increase.
I’m sure you’ve seen the “For Sale” signs across Central PA neighborhoods. Many of those signs are very quickly being replaced with “Sale Pending” banners.
The time for waiting and hesitation is over — it’s a great time to buy real estate in Lewisburg, PA and throughout Central PA.
More Homes for Sale, Interest Rates Remain Low
National numbers and reports are showing growing consumer confidence. New home construction is on the rise. Real estate listings are up, and sales of existing homes are up too.
While they won’t remain there forever, mortgage interest rates are low for qualified buyers.
Rely on Professionals
Put your trust in Bowen Agency Realtors. We assist sellers in pricing homes, assist buyers in buying homes, and serve as the go-between to negotiate the price of a home.
If you’re ready to sell your home or are looking to buy real estate, give us a call or stop by one of our three convenient locations (Lewisburg, Sunbury, Selinsgrove). Central Pennsylvania offers a wide variety of real estate in Lewisburg PA.
We look forward to serving you!