The Lancaster County Housing Market continues to chug along. Despite the fact that interest rates have almost doubled what they were a year ago, the number of settled units is just 7% lower and the average sale price is up 11%. As you will see from the inventory graphic, we ...
Continue ReadingAnother strong month for real estate in Lancaster County. The Average Sales Price is up 17% from this time last year. Despite interest rates in the mid 5% range for a 30 year mortgage, inventory numbers are still extremely low across all price points. The strong market conditions are expected ...
Continue ReadingThanks to the super low inventory of available properties, the number of settled units in June dropped 18% compared to June of 2021. Despite the rapid increase in interest rates this spring, prices still rose 11% from this time last year. Thinking about buying or selling (or maybe both)? Wondering ...
Continue ReadingHousing inventory drug along at super low levels once again in May. And, despite rising interest rates, prices did not seem to be affected, as the trend of multiple, higher-than-list price offers continued. So clearly, the number of buyers looking is still much higher than the number of homes available ...
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