January 2019
RESIDENTIAL Real Estate Market Statistics – Lancaster County PA
The info. below is a look at the Lancaster County real estate market for January 2019. Although inventory is still tight, there were still 332 homes sold/settled this month. Additionally, there were 508 homes listed this month. The median list price was $224,900 and the median sold/settled price was $197,250. This represents 5.5 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 cumulative days on market for the sold properties was 52 days.
Market Statistics Summary & Chart:
New listings this month = 508, bringing the total available inventory of homes to 2,262 as of the end of the month.
Median list price this month = $224,900
Sold / (settled) homes this month = 332
Median sold / (settled) home price this month = $197,250
Average days on market = 52
Total months of inventory available at end of this month = 5.5
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January 2019
Multi-Family Real Estate Market Report – Lancaster County PA
In January 2019, there were 27 multi-family properties newly listed in Lancaster County, PA. There were 6.8 months of inventory available for purchase. (Remember – 6 months is considered a balanced seller/buyer market). There were 14 multi-family properties sold/settled in December, with another 14 properties moving from an active listing status to ‘pending sale’ status. The median sold price of $212,000 and an average sold price of $302,323.
Market Statistics Summary & Chart:
New listings this month = 27
Median list price this month = $225,000
Sold / (settled) multi-family properties this month = 14
Median sold / (settled) home price this month = $212,000
Average cumulative days on market = 126
Total months of inventory available at the end of December = 6.8
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