The Long & Foster Market Minute

Focus On: Greater York Housing Market October 2017

Zip Code(s): 17401, 17404, 17403, 17402, 17408 and 17406
Units Sold
86
Active Inventory
734
Median Sale Price
$165,500
Days On Market
59
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down
Vs. Year Ago
Down -38%
Vs. Year Ago
Up 9%
Vs. Year Ago
Up 9%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in October, with 86 sold this month in Greater York Real Estate. This month's total units sold was lower than at this time last year.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 452 units or 38%. The total number of active inventory this October was 734 compared to 1,186 in October 2016. This month's total of 734 is lower than the previous month's total supply of available inventory of 793, a decrease of 7%.

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Median Sale Price
Last October, the median sale price for Greater York Homes was $152,000. This October, the median sale price was $165,500, an increase of 9% or $13,500 compared to last year. The current median sold price is 4% higher than in September.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

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New Listings
168
Current Contracts
113
Sold Vs. List Price
97.4%
Months of Supply
8.5
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -42%
Vs. Year Ago
Down -35%
Vs. Year Ago
No Change
Vs. Year Ago
Up 39%
Vs. Year Ago

Months of Supply
In October, there was 8.5 months of supply available in Greater York, compared to 6.1 in October 2016. That is an increase of 39% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

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New Listings & Current Contracts
This month there were 168 homes newly listed for sale in Greater York compared to 292 in October 2016, a decrease of 42%. There were 113 current contracts pending sale this October compared to 175 a year ago. The number of current contracts is 35% lower than last October.

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Sale Price to List Price Ratio
In October, the average sale price in Greater York was 97.4% of the average list price, which is similar compared to a year ago.

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Days on Market
This month, the average number of days on market was 59, higher than the average last year, which was 54, an increase of 9%.

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The Long & Foster Market Minute Greater York are defined as properties listed in zip code/s 17401, 17404, 17403, 17402, 17408 and 17406.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by RAYAC and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of RAYAC or Long & Foster Real Estate, Inc.