Lancaster County Housing Market Update

February 14, 2023

, ,

Here 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 down a bit.  This should help give buyers more purchase power as we enter the spring market.  And perhaps, just perhaps, this spring will be when buyers finally see more options to choose from.  If you are thinking about buying and/or selling a home in Lancaster County I am happy to talk with you about how the current market conditions should help guide your decisions.