Lancaster Real Estate Market Extends Weakening in Contracts

The Lancaster market saw 64 homes go under contract and failed to break out of an established downward trend. Along with that, total home sales fell to 90 over the last 30 days. The median sales price rose to $266,500 over the latest reporting period for Lancaster, up from $235,500. There are only three months of inventory available in Lancaster, so it's still seller's market, even with the shrinking contracts numbers.

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Demographic facts about Lancaster:

  • The rating for this area for population growth is 65. (Scale: 1 = Worst, 100 = Best)
  • This area has 257.5 physicians per 100,000 people.
  • The health cost index score in this area is 110.6. (100 = national average)
  • 75.9% of the residents commute to work alone in their car, 15.3% via carpool, and 2.2% by way of public transit.

Data reported through 1/11/2017

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