The Long & Foster Market Minute

Focus On: Greater York Housing Market March 2018

Zip Code(s): 17401, 17404, 17403, 17402, 17408 and 17406
Units Sold
173
Active Inventory
553
Median Sale Price
$141,250
Days On Market
65
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -16%
Vs. Year Ago
Down -46%
Vs. Year Ago
Down -3%
Vs. Year Ago
Down -11%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 173 sold this month in Greater York Real Estate versus 147 last month, an increase of 18%. This month's total units sold was lower than at this time last year, a decrease of 16% versus March 2017.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 478 units or 46%. The total number of active inventory this March was 553 compared to 1,031 in March 2017. This month's total of 553 is lower than the previous month's total supply of available inventory of 582, a decrease of 5%.

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Median Sale Price
Last March, the median sale price for Greater York Homes was $145,150. This March, the median sale price was $141,250, a decrease of 3% or $3,900 compared to last year. The current median sold price is 8% higher than in February.

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
295
Current Contracts
244
Sold Vs. List Price
97.4%
Months of Supply
3.2
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -21%
Vs. Year Ago
Down -7%
Vs. Year Ago
Down -0.8%
Vs. Year Ago
Down -36%
Vs. Year Ago

Months of Supply
In March, there was 3.2 months of supply available in Greater York, compared to 5.0 in March 2017. That is a decrease of 36% 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 295 homes newly listed for sale in Greater York compared to 374 in March 2017, a decrease of 21%. There were 244 current contracts pending sale this March compared to 261 a year ago. The number of current contracts is 7% lower than last March.

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Sale Price to List Price Ratio
In March, the average sale price in Greater York was 97.4% of the average list price, which is 0.8% lower than at this time last year.

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Days on Market
This month, the average number of days on market was 65, lower than the average last year, which was 73, a decrease of 11%.

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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 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.