Lancaster County Housing Market Update

March 14, 2023

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 to cause the average sale price to drop slightly.  Inventory numbers are creeping up at the higher price points (but a lot of it is new construction that hasn’t been started yet and/or $1M+ properties).  Again, it’s February, so not a lot to get excited about, yet.  The true test of where the market is will be in another month or so.  If you are thinking about buying and/or selling a home in Lancaster County I am happy to talk with you about how the current market conditions should help guide your decisions.