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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

Copyright 2021 Realtors Property Resource® LLC. All Rights Reserved.  Information is not guaranteed. Equal Housing Opportunity.

  • 2021 Committee appointments
    BUDGET 
    BUDGET COMMITTEE
    Jeffrey Nider
     ​               Paula Kuzma             Wendy Kelly        James Hanley             Brian Chirillo      Kevin Singer Chair       Lee Hoffman
    COMM INVOLVSurvey
    COMMUNITY INVOLVEMENT
    Whitney Torok Chair    
    Kelly Fetzko             Renee Eash          Lee Hoffman                Lisa Sikora        Rachael Shroyer          Katie Beckner          Barry Gallagher
    EDUCATIONSurvey
    EDUCATION
    Frances Pletcher        
    Lee Hoffman             Whitney Torok       Kyle Elko Chair            Renee Eash
    Katie R Beckner         Michael Cotchen
    LOCAL ISSUESSurvey
    LOCAL ISSUES
    Kevin Singer              
    Wendy Kelly              Lee Hoffman Chair   Kyle Elko          Willie Hayes
    Katie R Beckner
      MLSSurvey
    MLS COMMITTEE
    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
     PRO STANDARDSSurvey
    PROFESSIONAL STANDARDS COOPERATIVE
    Valerie Hudson            
    Kevin Singer      Patricia Chapple      Patrick Sheridan     Frances Pletcher
    Wendy Kelly                James Hanley    Douglas Meagher    Willie Hayes            
    Toni Skone 

    SUMMER SOCIALSurvey
    SUMMER SOCIAL
    Paula Kuzma          
    Whitney Torok       Katie R Beckner     Rachael Shroyer      Lori Dooley
    WINTER MIXERSurvey
    WINTER MIXER
    Shannan Yarnick-Louder Chair       
    Willie Hayes      Kelly Fetzko     Lori Dooley     Renee Eash
    Lisa Sikora

​         RPAC COMMITTEE

Kyle Elko, Chair      Lisa Sikora    Danielle Zahurak             Meagan Richter

Michael Cotchen            Elaine Frampton

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