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Lancaster County Housing Market Update
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 ReadingLancaster County Housing Market Update
So 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 ReadingLancaster County Housing Market Update
February is not a great month to gauge the overall state of the local housing market. However, if the current trends continue, it could be that a more balanced market is coming soon. Interest rates have forced buyers to be a bit more conservative with their offers, which is starting ...
Continue ReadingLancaster County Housing Market Update
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 ...
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