If you are referring to the State College Area market, the $350,000+ market saw a noticeable drop off in activity for the majority of 2007. Currently, in the $600,000 in State College, there are 39 active listings, 5 Pending and 6 Closed Listings (Year to Date).
Percentage of Close to List Price**:
2007 State College All Properties: 97.5%
2007 $600,000+: 95.7%
2008 $600,000+ Year to Date: 95.1%
I would be happy to provide you with additional statistics and answer any specific questions that you may have on the State College Market. Feel free to email me: email@example.com
**Statistics Provided from CCAR Data, Information is deemed reliable but not guaranteed