Here are the housing stats for the month of May. The late spring/early summer selling season is definitely in full swing. Despite the continued low inventory, the number of settled properties is still very strong. The low interest rates and strong economic indicators have buyers out on the hunt! It would be fascinating to know how many properties would be selling right now if inventory levels were better! No doubt prices would be lower if that were the case.
These stats represent Lancaster County at large and give a general sense of the state of our housing market conditions. Real estate is very local though so these stats won’t apply to all properties. If you are thinking of selling or buying, I would be happy to show you what your local market looks like for your property.