Welcome to our monthly real estate market update for Lancaster County, PA! As we delve into the data from June 2024, we’ll provide insights and analysis to help you stay informed about the local market trends.
In June 2024, Lancaster County saw 482 new listings hit the market. This figure represents a 4.2% decrease compared to June 2023. The number of sold listings in June 2024 was 412, which is a drop of 19.4% compared to June 2023.
Despite the drop in new and sold listings, the average sales price in Lancaster County has risen. The average sales price in June 2024 was $368,065. This increase reflects the ongoing demand for homes in the area. Homes in Lancaster County continue to move quickly, with an average of just 16 days on the market in June 2024, which is the same as June of last year.
The Lancaster County real estate market in June 2024 presents a mixed bag of trends. While new and sold listings have decreased, the average sales price has risen, and homes are selling faster than ever. This dynamic environment offers opportunities and challenges for both buyers and sellers.
If you’re considering buying or selling a home in Lancaster County, it’s crucial to stay informed about these market trends and work with a knowledgeable real estate professional who can guide you through the process. Whether you’re looking to invest in a new property or sell your current home, understanding the local market conditions will help you make the best decisions.
Stay tuned for next month’s update, and don’t hesitate to reach out with any questions about the Lancaster County real estate market!