November 2018
RESIDENTIAL Real Estate Market Statistics – Lancaster County PA
The info. below is a look at the Lancaster County real estate market for November 2018. Although inventory is still tight, there were still 509 homes sold/settled in November. Additionally, there were 549 homes listed in November 2018. The median list price was $224,900 and the median sold/settled price was $203,500. This represents 5.2 months of inventory. Keep in mind that 6 months of inventory is considered a ‘balanced’ seller/buyer market, so we are still slightly slanted towards a sellers’ market in Lancaster County. The average days on market for the sold properties was 63 days.
Market Statistics Summary & Chart:
New listings in November = 549
Median list price in November = $224,900
Sold / (settled) homes in November = 509
Median sold / (settled) home price in November = $203,500
Average days on market = 63
Total months of inventory available at the end of November = 5.2
Ready to browse homes for sale in Lancaster County PA?
You can find them here!
Ready to sell &/or buy?
Call The Jennifer King Team @ 717-723-9080!
November 2018
Multi-Family Real Estate Market Report – Lancaster County PA
In November 2018, there were 31 multi-family properties newly listed in Lancaster County, PA. There were 6.9 months of inventory available for purchase. (Remember – 6 months is considered a balanced seller/buyer market). There were 17 multi-family properties sold/settled in November, with another 20 properties moving from active listing to ‘pending sale’ status. The median sold price of $215,000 and an average sold price of $223,938.
Market Statistics Summary & Chart:
New listings in November = 31
Median list price in November = $154,900
Sold / (settled) multi-family properties in November = 17
Median sold / (settled) home price in November = $215,000
Average days on market = 32
Total months of inventory available at the end of November = 6.9
Ready to sell &/or buy investment property in Lancaster County?
You’ll find them all here!
Contact The Jennifer King Team @ 717-723-9080 for expert representation for the sale &/or purchase of investment properties, including
!
