$595K  
The Lancaster market saw sales decline 40.0% this week but it is currently in the midst of a confirmed upward sales trend, including three homes sold over the last 30 days. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. The median sales price in Lancaster stayed put this week at $39,000.
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With a 6.4% increase over the last 10 years, the population of Lancaster is growing faster than other parts of the state. Also, with 59,322 residents, it is the eighth-most populated city in Pennsylvania. The three zip codes with the largest populations are 17603, 17602, and 17601. Lancaster is made up of homes that are older than most with a median of 72 years. Heading the list of top schools in the city is Manheim Twp High School.
Comments:

$595K  
With an identifiable upward trend of new sellers listing homes, including 17 over the last 30 days, and sales that remained the same at five in that same time frame, the Lancaster market will be steady. The median sales price stayed flat at $39,000, and there are a fairly average four months of inventory left to be sold.
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$125K  
The number of homes coming into the Lancaster market tumbled to seven listings over the last 30 days, while sales remained right where they were as once again three homes were sold over the same period. The median sales price remained unchanged over the latest reporting period for Lancaster, coming in at $69,900.
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$166K  
Over the last 30 days, the number of homes sold in the Lancaster rose to two. While the sales increased, the amount of pending transactions also trended upward, reaching a total of seven during the same period. Potential buyers should note that prices are coming down in Lancaster, and for this period the median sales price slid from $69,900 to $68,775. Lancaster is a still definite buyer's market, in spite of the rising contracts numbers, due to the availability of seven months of remaining inventory.
Comments:

$115K  
With one home sold in the Lancaster market over the last 30 days, we see no change from last week's numbers. However, five new listings came into the market. The median sales price remained unchanged over the latest reporting period for Lancaster, coming in at $69,900. With no movement in sales and the availability of 11 months of inventory, Lancaster is a definite buyer's market.
Comments:

$595K  
Lancaster is a smallish city in Pennsylvania with a median income of $36,370 per household. Besides being much less affluent than average, its population is much older than others with a median age of 30 years. 17603, 17602, and 17601 are the three largest zip codes in terms of population. The Lancaster market is primarily made up of condos and townhouses, currently accounting for 23% overall. The top school in the city is Manheim Twp High School.
Comments:

$115K  
Over the last 30 days, one home was sold in the Lancaster market, up from the prior period. However, the market is still in a confirmed downward trend overall. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. Despite the uptick in sales, there are still 13 months of inventory left to work through, meaning Lancaster is still a definite buyer's market.
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$154K  
The Lancaster market reported another 30-day period of zero home sales this week. Lancaster usually averages 1.6 sales per month.
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$154K  
The Lancaster market continues a one-week downward trend in sales. Sellers weren't able to find buyers for their properties, resulting in no sales over the last 30 days.
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Ask a local expert about this area:
Coldwell Banker Residential Brokerage
Snapped 11 homes in this area
Gateway Realty Inc
Snapped 1 home in this area

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