November 2018
RESIDENTIAL Real Estate Market Statistics – Lebanon county, PA
The info. below is a look at the Lebanon County real estate market for November 2018.
Although inventory is still tight, there were still 152 homes sold/settled in November. Additionally, there were 118 homes listed in November 2018. The median list price was $169,000 and the median sold/settled price was $170,250. This represents 5.8 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 Lebanon County. The average days on market for the sold properties was 53 days.
Market Statistics Summary & Chart:
New listings in November = 118
Median list price in November = $169,000
Sold / (settled) homes in November = 152
Median sold / (settled) home price in November = $170,250
Average days on market = 53
Total months of inventory available at the end of November = 5.8
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November 2018
Multi-Family Real Estate Market Report – Lebanon County, PA
In November 2018, there were 4 multi-family properties newly listed in Lebanon County, PA. There were 5 months of inventory available for purchase, with a median list price of $219,950. (Remember – 6 months is considered a balanced seller/buyer market). There were 4 multi-family properties sold/settled in November, with another 3 properties moving from active listing to ‘pending sale’ status. The median sold price of $142,450 and an average sold price of $151,975.
Market Statistics Summary & Chart:
New listings in November = 4
Median list price in November = $219,950
Sold / (settled) multi-family properties in November = 4
Median sold / (settled) home price in November = $142,450
Average days on market = 36
Total months of inventory available at the end of November = 5
Ready to sell &/or buy investment property in Lebanon County?
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Contact The Jennifer King Team @ 717-723-9080 for expert representation for the sale &/or purchase of investment properties, including
!
