According to the Lancaster County Association of Realtors, July 2007 was a relatively great month for home sales.
The monthly sales recap released today states that 539 Homes sold in July, down only 2.4% from July 2006 (552). The average sale price did break the record at $205,545 - pretty high for humble little Lancaster!
Year-to-date, 3,229 homes have sold in the county, a 6.2% decrease from 2006.
To me this is somewhat expected as it's been plain to active agents that buyers are now out and looking, about since the 4th of July. The message about expected rate increases and expanding home inventory is starting to sink in.
If you are one of those still sitting on the fence, and would really like to make a home purchase, I'd seriously recommend calling me about your options and to get an email of potential matches for you. A lot of sellers are facing the end of summer with their home still unsold, and school is starting soon. A good time to shop!
_____________________________________________________________________________________________
For Lancaster PA homes for sale click here. Jeff Geoghan is a top real estate expert in Lancaster County, PA, and an involved community member. Jeff's work has been featured in the Lancaster Newspapers, WGAL Channel 8, PA Business Journal and Wall Street Journal. Jeff's blog on Lancaster County and its homes is nationally-featured. Contact Jeff for more help with your Lancaster PA Real Estate needs.
Jeff, I just tried your link for "subscribe to my blog" and got a funky error message that it was members only and I am not logged in - which obviously I am, as to both. You might want to double check it from another computer that doesn't have a cookie that makes it appear to work.
Sounds like Lancaster is not a bad place to be a home seller!