Back with another market update on the Lancaster County real estate market here in PA. Today we are comparing the August 2022 market to August of 2021. This month’s comparison remains similar to the last few months, with new listings down over 13% 2021. Sold homes were fairly comparable, being down only 1.6% from August of 2021.
Average sales price remains on the rise, coming in at $351,641, a nearly 12% increase over last August’s average price of $314,080. The average days on market for August 2022 came in at 15, versus 16 from last year.
If you’ve got any questions about our local market, or are interested in making a move, please never hesitate to reach out! We are here to help.