Categories for Market Update

Lancaster County Housing Market Update

Strong buyer demand continued in the month of June as properties took on average 6 days to sell and prices rose another 8%.  This all despite interest rates continuing to rise.  As long as inflation continues to hold steady the higher rates will most likely be here to stay.  Buyer ...

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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 ...

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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.  ...

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Lancaster 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 ...

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