Housing Market In Erie Remains Steady - WICU12 HD WSEE Erie, PA News, Sports, Weather and Events

Housing Market In Erie Remains Steady

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If you're in the market for a new home, here's some good news.

"The Erie market is great," said Levi Marsh, an associate broker at Marsha Marsh Real Estate Services. "We've had quite a few homes sold in the last few weeks and more stuff coming on the market everyday."

Marsh says while there have been lows and highs over the past few years, Erie's housing market remains steady.

"We did have some slow times there like the rest of the nation, but not what you saw in bigger cities," said Marsh.

One of the main reasons for the increase in inventory?

"It's the big push before school starts, getting people situated," Marsh said of the 'for sale' signs popping up around Erie. "Before the kids go back to school and before the winter sets in. This is always a big time of year for us for inventory."

According to Zillow.com, Erie homes have gone up in value 3.3 percent since last year. The real estate database expects prices to rise even more by next year.

Marsh says neighborhoods like Glenwood, Millcreek and Frontier, remain at the top of the list for home buyers in Erie.

"Different price ranges get hot and cold," said Marsh. "And right now our hot market is between $200,000 and $400,000. Those homes seem to be moving very quickly."

According to Zillow.com, there are 717 homes for sale in Erie, with the median price of a home valued at $77,300.


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