Lancaster County’s May 2018 Real Estate Market – By the Numbers

May is always a month of transition.  Winter is definitely behind us but summer is not quite here.  Some nights you can sleep with the windows open to breathe in the refreshingly, cool air; some nights it’s downright frigid and the windows are closed.

All across Lancaster, small signs are appearing right before our eyes that point to what lies ahead of us in just a few short weeks – – like the corn sprouting from small seedlings in hundreds of fields across the county.

Is the real estate market sprouting and following suit?  Let’s look at the numbers . . .

(Click on each infographic for a larger version)

2018 05 May Market Stats - Avg Sales Price

Average Sales Price – We cracked the two and a quarter mark for the first time ever.  Up 7% from last May.  This healthy rise is mainly due to extremely low inventory levels which don’t appear to be going up anytime soon. Continue reading

Lancaster County’s April 2018 Real Estate Market – By the Numbers

The old saying, “April showers bring May flowers” is a reminder that even the most unpleasant of things, in this case, the heavy rains of April, can bring about very enjoyable things indeed – an abundance of flowers in May.  The lesson?  Patience.

So how did the rains of April affect Lancaster County’s real estate numbers?  Let’s take a look.

(Click on each infographic for a larger version)

2018 04 April Market Stats - Avg Sales Price

The Average Sales Price made a huge jump in April – 9%.  We have been humming along for months between 1-4% so this is a significant change.  As you will see when we examine the Absorption Rates this month, the upper price ranges (i.e. $400,000+) are now starting to move which is a good sign. Continue reading

Lancaster County’s February 2018 Real Estate Market – By the Numbers

February’s winter winds are behind us and the days are now starting to get longer.  As we head into spring, there is always a sense of anticipation for what lies ahead.  Let’s take a look at the latest numbers.

(Click on Infographics for larger size)

2018 02 February Market Stats - Avg Sales Price

  • Average Sales Price – A huge jump of 7% from last year at this time.  As the supply of inventory continues to struggle to keep up with demand, expect prices to continue their healthy upward trend.

Continue reading

Lancaster County’s December 2017 Real Estate Market – By the Numbers

Ahh – –  December!  As the year wound down, the cold, frigid winds of winter blew through Lancaster County.  This is the best time of year to reflect back on the year that was and to think and plan for the new one.  Now grab a pen and paper and sit down by the warm fireplace and get busy.

(Click each infographic for a larger version)

2017 12 December Market Stats - Average Sales Price

Not much change from last December’s average sales price.  As we will see at the end of this blog post, the final numbers for the year were solid and steady which indicates the real estate market was healthy. Continue reading

Lancaster County Real Estate Market Statistics for August 2016

Where has the year gone?  Kids are now back in school; football season is under way; backyard gardens have been harvested – – – and the August market stats are in.

NOTE: Click on any of the charts to enlarge and/or download.

august-2016-average-sales-price

The average sales price in Lancaster County is up 1% from last year at this time.  Although a small increase, this continues an upward trend that indicates that the overall residential real estate market continues to rebound from the recession. Continue reading

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All the best!