Lancaster Real Estate Market Conditions & Reports, Lancaster Market Trends, Pennsylvania

Market Commentary Provided by Jeff Funk and Colleen Blythe

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Jeff Funk and Colleen Blythe
Charles & Associates
Lancaster, Pennsylvania
Jeff @717-314-0500 or Colleen @717-587-4565
lancaster@agents.househunt.com
Agent Home Page

Nearest Metro Area

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

30-60 days

Market Trend

No Change

Housing Inventory

Good supply - Some Prices

Average Home Price

$175,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Down 0-5%

Prices As % of Asking Price

95-100%

Multiple Offers?

Yes

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in Lancaster is

Seller Activity for the past 90 days in Lancaster is

Is Financing Available For Qualified Buyers in Lancaster?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Reason to Buy/Sell

Population Growth

Average Sold Price

$175,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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