Lancaster County Real Estate Market Sees Sales Fall

Home sales in the Lancaster County market have steadily topped the monthly average for some time. However, this week the numbers came down by 5.3% to come in at 18 homes sold during the last 30 days. In comparison, nearby St. Mary's County had 105 sales in the same time frame, the most of all neighboring counties. Potential buyers should note that prices are coming down in Lancaster County, and for this period the median sales price slid from $365,000 to $362,500. With decreasing sales and the availability of 10 months of inventory, Lancaster County is a definite buyer's market.

Early bird gets the worm, so be sure to take a look at these new listings in Lancaster County:

$260K   $787K   $164K  

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

Demographic facts about Lancaster County:

  • There are 28.9% vacant homes here.
  • The area gets 211 sunny days a year. (U.S. average: 205)
  • The annual job growth rate is 2.06%.
  • The student-to-librarian ratio is 484:1. (803:1 = national average)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Long & Foster Real Estate, Inc.
Snapped 1 home in this area

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