New Downward Trend in New Listings for Lancaster Real Estate Market

Sales rose to 37 homes sold over the last 30 days in the Lancaster market. Sellers can expect less competition, however, due to a three-week downward trend in homes coming into the market, now down to 37 for the same period. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. While new seller numbers were weak, the median sales price of homes sold came in at $144,000, which extended a price upswing to four weeks. The rising prices, along with the fact that there are a lower-than-normal two months of inventory, drive home the fact that Lancaster is a solid seller's market.

Not worried about the price of a potential dream house? Take a look at these stunning listings in Lancaster:

$275K   $249K   $245K  

Get started right now by checking out Lancaster homes for sale or reviewing Lancaster real estate trends.

Demographic facts about Lancaster:

  • This area has an average elevation of 563 feet.
  • The median income per household is $46,292 in the area.
  • The student-to-counselor ratio is 418:1. (513:1 = national average)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Justin Henry Real Estate Advisors LLC
43 reviews
Abbie Castle
Snapped 13 homes in this area
Abbie Castle, Realtors
Snapped 1 home in this area

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