The Economic Impact of Real Estate in Pennsylvania

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While it’s obvious that buying and selling real estate in Pennsylvania is an expensive proposition, you may not be aware of just how much home sales affect the economy in our state. According to the National Assocaition of Realtors, real estate sales accounted for 16.3% of the Gross Domestic Product in Pennsylvania in 2012.

Selling a home or piece of land puts money in more places than just the pockets of the real estate agents and sellers – there is a trickle-down effect that injects money into several related industries such as construction, lending, appraisal, moving companies, and many more. Real estate sales bring business to many more people than you’d think!

For each average real estate sale in Pennsylvania, the income generated by these supporting industries is $15,498, with consumers spending an additional $4,494 on things like furniture, appliances, and remodeling.

This means that for the average home sale in PA, with a sales price of $172,200, a whopping total of $51,113 in income is produced.

When you buy or sell real estate in Pennsylvania, you are doing more than paying an agent’s commission – you’re making a huge impact on the economy of our state. So if you’re on the fence about buying or selling because of the current market conditions, don’t let that stop you! By participating in real estate sales, you do a lot to boost Pennsylvania’s economy.

For more details on real estate’s effect on our economy, visit www.realtor.org.

Eastern PA Horse Property Specialists – Call Us Today! ( 610) 849-1790

Our extensive knowledge of the eastern PA horse properties for sale market allows us to guide our clients intelligently. Whether you are looking to buy, sell or invest, we have one mission – to provide you with exceptional customer service throughout the entire transaction. We assist buyers and sellers within the following eastern Pennsylvania counties:

For sellers, we also offer property evaluations and have acquired the knowledge over the years of how to effectively perform an accurate market analysis of PA horse farms for sale, general farms and PA back yard horse properties. Please give us a call today or fill out our online contact form and let us know how we can best assist you with your eastern PA horse property real estate needs!

Cindy Stys, Broker/owner
The Premier Equine Realty Firm Serving Eastern PA
Tel.: 610-849-1790
720 Smith Hill Rd
Stroudsburg, PA 18360

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