Sponsored Content by Perry Wellington Realty, LLC.

The Perry Wellington Realty team takes a look at the current housing market and discusses what the National Association of Realtors is saying.

Chief Economist Lawrence Yun is calling it “quite unusual,” saying sales are coming down, but listed homes are still selling fast even though home prices are higher than a year ago.

Some other points regarding the market:

– For the third consecutive month, existing-home sales fell, but buyers are still eager. 

– Higher mortgage rates and prices and low inventory continue to chip away at affordability. 

– Nationwide, existing-home sales decreased 2.4% in April compared to March. 

– Sales are down 5.9% year over year

NEW LISTING!
OPEN HOUSE: SATURDAY, MAY 21ST FROM 11 A.M. TO 1 P.M.
510 BELDEN ROAD, BEDFORD – LISTED BY THE ADAM CONRAD TEAM  (814) 693-5669
DETAILS: $129,900 – Country 2 bedroom home in rural Bedford setting situated on one acre. Close proximity to Historic Bedford. New appliances. New siding and metal roof. Large yard. 

NEW LISTING! 
272 ROCKWOOD DRIVE, MARTINSBURG – LISTED BY THE GRETCHEN GUNNETT TEAM (814) 696-7742
DETAILS: $50,000 –  This is a beautiful building lot…. .33 acres… just outside of Martinsburg This lot is tree lined, flat and ready to be built on.

NEW LISTING!
1202 N. 15TH STREET, ALTOONA – LISTED BY THE JORDAN CONRAD TEAM  (814) 693-5513
DETAILS: $164,500 –  Beautifully updated 2 story home in the Juniata section of Altoona! This cozy home features 3 bedrooms, 1 bathroom, and sits on approx. 1 acre of land.