Inventory continues to be the dominant force behind the local housing market conditions. The number of Settled Units dropped 24% from this time last year. Much of that is due to the limited choices buyers have. This has been quite frustrating to buyers as they still have a desire to buy, despite the rising rates. This desire can be seen in the Average Sale Price, which rose 6% compared to last September. 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.
Lancaster County Housing Market Update
October 16, 2023
Home Buyers, Home Sellers, Market Update