Lancaster Real Estate Market Update

Recent LCAR (Lancaster County Association of Realtors) Press Release shared some interesting facts regarding the Lancaster Real Estate market. Below we’ve outlined a few of the bullet points:

  • January 2016 home sales up 3.4% from 2015
  • Record-setting average sales price for January 2016 of $196,292
  • Pending home sales increased 5% in January 2016 from 2015
  • New listings were down 16.9% in January 2016 from 2015

“With nearly a 17 percent decrease in new listings when comparing January 2016 to January 2015, it is definitely a seller’s market as we start the new year. For example, in the $100,000 to $200,000 price range, we have less than a 3 month supply of home on the market.” -LCAR president Lynn Zimmerman

 

Year over year

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