Today we’re sharing some graphics presented by our broker, Berkshire Hathaway Homesale Realty, which compare the Lancaster, PA real estate market from September 2019 to September 2020. If you’ve been talking to anyone active in our market, or following along on our social media channels, you’ve likely seen that the market has been very active. Homes are selling very quickly, often with competing offers and above asking price.
As you can see in the infographics below, the median days to sell are down by half from last year, at just 6 days! Average interest rate has also dropped from the already low rates of last year, maintaining the appeal to home buyers looking to buy. The average Lancaster sales price is up more than 17% from September of last year.