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Lancaster Real Estate Market Update

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.”

 

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