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 ReadingBuyer 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 ...
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