The Long & Foster Market Minute

Focus On: Greater York Housing Market February 2019

Zip Code(s): 17401, 17404, 17403, 17402, 17408 and 17406
Units Sold
149
Active Inventory
509
Median Sale Price
$159,900
Days On Market
67
Down -4%
Vs. Year Ago
Down -50%
Vs. Year Ago
Up 19%
Vs. Year Ago
Down -7%
Vs. Year Ago

Units Sold
There was an increase in total units sold in February, with 149 sold this month in Greater York Real Estate versus 131 last month, an increase of 14%. This month's total units sold was lower than at this time last year, a decrease of 4% versus February 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 519 units or 50%. The total number of active inventory this February was 509 compared to 1,028 in February 2018. This month's total of 509 is lower than the previous month's total supply of available inventory of 557, a decrease of 9%.

Median Sale Price
Last February, the median sale price for Greater York Homes was $134,700. This February, the median sale price was $159,900, an increase of 19% or $25,200 compared to last year. The current median sold price is 10% higher than in January.

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


New Listings
239
Current Contracts
190
Sold Vs. List Price
98.0%
Months of Supply
3.4
Down -3%
Vs. Year Ago
Up 7%
Vs. Year Ago
No Change
Vs. Year Ago
Down -48%
Vs. Year Ago

Months of Supply
In February, there was 3.4 months of supply available in Greater York, compared to 6.6 in February 2018. That is a decrease of 48% 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 239 homes newly listed for sale in Greater York compared to 246 in February 2018, a decrease of 3%. There were 190 current contracts pending sale this February compared to 178 a year ago. The number of current contracts is 7% higher than last February.

Sale Price to List Price Ratio
In February, 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 67, lower than the average last year, which was 72, a decrease of 7%.

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.