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Lancaster County Housing Market Update
May looked very similar to April. Strong buyer activity, interest rates in the low 6's and low inventory. It's the low inventory that is the driver of the stats below. The number of settled properties (down 18% from this time last year) would be much, much higher if there more ...
Continue ReadingLancaster 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 ...
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