As we do every month, we wanted to share some of the market updates that were recently released by the Lancaster County Association of Realtors in their latest press release.
- Average sales price November 2015 – $ 197,881. This is an 8.6% increase from November 2014.
- New listings in November 2015 – 573. This is a 19.1% increase from November 2014.
- Pending home sales in November 2015 – 392. This is an increase from November 2014 which saw 376 pending home sales.
- Over 59% of homes that sold in November were on the market 60 days or less.
According to LCAR president Jeff Peters, “We are averaging over 12% ahead of sales last year; and for October and November, we broke the record for each month’s average sales price.”