Each month we take a look at what’s happening in the Lancaster County real estate market by viewing statistics released by our local MLS system, Bright MLS. In looking at August of 2023, we see that new listings came in at 511 for the month and 486 sold, with an average sales price of $351,430. Average days on market came for August came in at 16 days. The average sales price to list price ratio came in at 103%, meaning that homes are often selling for above the asking price.
As you can see in the infographic below, these stats are all down moderately from August of last year, with the average sales price coming in nearly equal.
As always, if you every have any questions about the real estate market here in Lancaster, please never hesitate to reach out. We are always available to answer your questions at no cost or obligation to you.
