Let’s dive in to this month’s Lancaster County real estate market update. We are comparing July of 2024 to July of 2023, and for the first time in several months we see all three of our key metrics with a nice increase.
Both new and sold listings were up over July of last year, 14.9% and 8.4% respectively. The average sales price also remains on the rise, coming in at $379.455.
Many homes continue to sell for over the list price. Our data shows that average sales price to list price ratio came in at 104.4% for July.
Average days on market for July 2024 came in at 19 compared to 15 last year, so homes are staying on the market slightly longer, however a 19 day sale is still very quick, historically speaking.
If you are thinking of making a move, or have any general questions about the market, please do not hesitate to reach out!