This month’s look at the recent Lancaster County, Pennsylvania real estate market has us comparing numbers from February 2023 to February 2022, as provided by our local MLS system, Bright MLS.
February of 2023 shows a decline in new and sold homes over 2022, which has been par for the course for many of the several past months. February 2023 also showed a slight decline in average sales price, with last month’s average coming in at $296,674, a 2.6% decrease from 2022’s average of $304,540.
Average days on market for February 2023 came in a 28 days, a 55% increase over 2022’s average of 18 days.
As we head into the spring real estate market, typically a busy time here in Lancaster, we’ll be keeping a close eye on where these numbers are coming in and what they may mean for the local real estate market.
As always, if you have any general real estate questions about the market or about making a move, we are always available to answer your questions! Contact us any time at 717.560.5051 or by using the contact form on the right of this page.