The Long & Foster Market Minute

Focus On: Greater York Housing Market October 2018

Zip Code(s): 17401, 17404, 17403, 17402, 17408 and 17406
Units Sold
208
Active Inventory
669
Median Sale Price
$159,450
Days On Market
49
Up 5%
Vs. Year Ago
Down -41%
Vs. Year Ago
Up 7%
Vs. Year Ago
Down -6%
Vs. Year Ago

Units Sold
There was an increase in total units sold in October, with 208 sold this month in Greater York Real Estate versus 201 last month, an increase of 3%. This month's total units sold was higher than at this time last year, an increase of 5% versus October 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 458 units or 41%. The total number of active inventory this October was 669 compared to 1,127 in October 2017. This month's total of 669 is lower than the previous month's total supply of available inventory of 741, a decrease of 10%.

Median Sale Price
Last October, the median sale price for Greater York Homes was $148,450. This October, the median sale price was $159,450, an increase of 7% or $11,000 compared to last year. The current median sold price is 3% lower 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.


New Listings
271
Current Contracts
196
Sold Vs. List Price
98.0%
Months of Supply
3.2
No Change
Vs. Year Ago
Up 20%
Vs. Year Ago
No Change
Vs. Year Ago
Down -43%
Vs. Year Ago

Months of Supply
In October, there was 3.2 months of supply available in Greater York, compared to 5.7 in October 2017. That is a decrease of 43% 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.

New Listings & Current Contracts
This month there were 271 homes newly listed for sale in Greater York, which is similar to the amount in October 2017. There were 196 current contracts pending sale this October compared to 163 a year ago. The number of current contracts is 20% higher than last October.

Sale Price to List Price Ratio
In October, the average sale price in Greater York was 98.0% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 49, lower than the average last year, which was 52, a decrease of 6%.

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 BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc.