As the economy slowly finds it way back from the deep recession, the real estate market place in Central Pennsylvania continues to improve and improve faster than in most other areas of the State.  With interest rates at a historic low and new construction not yet fully recovered the residential resale market enjoyed a very strong year.  If there was any real issue, it was the lack of properties (supply) to accompany a strong demand.

While the State College market was the strongest with a 14% increase in the numbers of sales over 2014, the markets outside of State College also saw increases in their numbers over 2014.

The chart below depicts a comparison of 2014 versus 2015 closed sales of housing (single family, townhouse, condo and 1/2 duplex) in Central Pennsylvania.  The sales are broken down into three categories;  State College, All but State College, and the entire market place.