The Cambria Somerset Association of REALTORS® is the voice for real estate in Cambria and Somerset Counties.
Hot, Hot, Hot Market
The market is Hot, Hot, Hot. The recent RPR report I sent to MLS subscribers and affiliates shows just how hot the market is. Although COVID put the brakes on home sales last March there was still activity. This march homes for sale are flying out the door so to speak. While new listings are up 51%, active residential listings are down 63% compared to last March creating low inventory. The median days on market for listings is down 45.8% to just 83 days. There is less than 3 months inventory available which is very low for the area.
Pending sales are up 72% and closed sales are up 27%.
List prices are up 18% and while sales prices are up 8%. Median sales price is 96% of median list price showing that many priced right homes are selling at or above asking price. Multiple offers are common at the moment.
Zip codes 15905 & 15904 continue to be the most popular for sales and those sales are happening quickly. 15906 & 15963 are taking longer to sell but are still seeing robust sales. Now isn’t the time to delay listing your property. Many agents have multiple qualified buyers waiting for properties to come on the market.
Present by the Cambria Somerset Association of REALTORS® Data compiled from the Cambria Somerset Association of REALTORS® Multiple Listing Service
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2021 Committee appointments
Jeffrey Nider Paula Kuzma Wendy Kelly James Hanley Brian Chirillo Kevin Singer Chair Lee Hoffman
Whitney Torok Chair Kelly Fetzko Renee Eash Lee Hoffman Lisa Sikora Rachael Shroyer Katie Beckner Barry Gallagher
Frances Pletcher Lee Hoffman Whitney Torok Kyle Elko Chair Renee Eash
Katie R Beckner Michael Cotchen
Kevin Singer Wendy Kelly Lee Hoffman Chair Kyle Elko Willie Hayes
Katie R Beckner
Amy Reeping 1 year Robert Colvin 1year Paula Kuzma 2 years
Douglas Oakley 1 year James Hanley Chair Josh Heiple 1 year
Joe Geary 2 years
PROFESSIONAL STANDARDS COOPERATIVE
Valerie Hudson Kevin Singer Patricia Chapple Patrick Sheridan Frances Pletcher
Wendy Kelly James Hanley Douglas Meagher Willie Hayes Toni Skone
Paula Kuzma Whitney Torok Katie R Beckner Rachael Shroyer Lori Dooley
Shannan Yarnick-Louder Chair Willie Hayes Kelly Fetzko Lori Dooley Renee Eash
Kyle Elko, Chair Lisa Sikora Danielle Zahurak Meagan Richter
Michael Cotchen Elaine Frampton
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