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The Cambria Somerset Association of REALTORS® is the voice for real estate in Cambria and Somerset Counties.  

2021 Real Estate Market in Review
New listings increased 25.9% in 2021 over 2020 while Days on Market and Months of Inventory saw steep declines of over 40% showing just how fast homes are selling.
Closed sales were up 24% year over year and average sales price was up 11.5% to $129,771 in the Cambria and Somerset area. Average sales price vs. Average list price was near 100% all year with July being at 101%. Local Realtor's knowledge and skills were shown in how quickly these homes sold and how close to list price the actual sales prices were.
At the end of December active listings were down 39%. December saw just 1.13 months of inventory available in the Cambria Somerset MLS. This highlighted the need for a professional Realtor to assist in finding a home in this quick sale market.
15905 continued to be the highest in sales for December at 27 sales with 15904 coming in second at 14.

Market data report provided by RPR for CSAR. 

 

WHAT TO KNOW

7 Reasons to Work With a REALTOR®

REALTORS® aren’t just agents. They’re professional members of the National Association of REALTORS® and subscribe to its strict code of ethics. This is the REALTOR® difference for home buyers:

  1. An expert guide.
    Selling a home usually requires dozens of forms, reports, disclosures, and other technical documents. A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes. Also, there’s a lot of jargon involved, so you want to work with a professional who can speak the language.
  2. Objective information and opinions.
    REALTORS® can provide local information on utilities, zoning, schools, and more. They also have objective information about each property. REALTORs® can use that data to help you determine if the property has what you need.
  3. Property marketing power.
    Property doesn’t sell due to advertising alone. A large share of real estate sales comes as the result of a practitioner’s contacts with previous clients, friends, and family. When a property is marketed by a REALTOR®, you do not have to allow strangers into your home. Your REALTOR® will generally prescreen and accompany qualified prospects through your property.
  4. Negotiation knowledge.
    There are many factors up for discussion in a deal. A REALTOR® will look at every angle from your perspective, including crafting a purchase agreement that allows you the flexibility you need to take that next step.
  5. Up-to-date experience.
    Most people sell only a few homes in a lifetime, usually with quite a few years in between each sale. Even if you’ve done it before, laws and regulations change. REALTORS® handle hundreds of transactions over the course of their career.
  6. Your rock during emotional moments.
    A home is so much more than four walls and a roof. And for most people, property represents the biggest purchase they’ll ever make. Having a concerned, but objective, third party helps you stay focused on the issues most important to you.
  7. Ethical treatment.
    Every REALTOR® must adhere to a strict code of ethics, which is based on professionalism and protection of the public. As a REALTOR®’s client, you can expect honest and ethical treatment in all transaction-related matters. 

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.

 

www.REALTOR.org/RealtorBenefits



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