Buyer activity remains strong, despite interest rates going back to low to mid 6% range. Low inventory continues to pose a challenge, which can be seen in the number of settled properties below (down 32% from this time last year). Multiple offers is still the norm, allowing appreciation to continue. ...
Continue ReadingSo much for a balanced market! Last month at this time it seemed like new listings were making some headway against the high buyer demand, but, wow, what a difference a month can make. Buyer activity has started to pick up again, with interest rates dropping and warmer weather setting ...
Continue ReadingHere is an update on the Lancaster County housing market. Despite the higher interest rates, the Average Sales Price continues to climb, as buyers continue to face tough competition with such limited inventory. Interest rates, after their quick rise last summer, seem to have peaked and are actually coming back ...
Continue ReadingHere is an update on the housing market stats for Lancaster County. Despite interest rates jumping up 105% compared to this time last year, the Average Sales Price is up 8%. This is mostly due to extremely low inventory numbers, however continued high buyer demand is also playing a role. ...
Continue Reading