The Long & Foster Market Minute

Focus On: Greater York Housing Market August 2018

Zip Code(s): 17401, 17404, 17403, 17402, 17408 and 17406
Units Sold
Active Inventory
Median Sale Price
Days On Market
Down -6%
Vs. Year Ago
Down -43%
Vs. Year Ago
Up 19%
Vs. Year Ago
Down -57%
Vs. Year Ago

Units Sold
There was an increase in total units sold in August, with 202 sold this month in Greater York Real Estate versus 190 last month, an increase of 6%. This month's total units sold was lower than at this time last year, a decrease of 6% versus August 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 362 units or 43%. The total number of active inventory this August was 484 compared to 846 in August 2017. This month's total of 484 is lower than the previous month's total supply of available inventory of 513, a decrease of 6%.

Median Sale Price
Last August, the median sale price for Greater York Homes was $165,000. This August, the median sale price was $196,250, an increase of 19% or $31,250 compared to last year. The current median sold price is 6% higher than in July.

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

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Down -20%
Vs. Year Ago
Down -8%
Vs. Year Ago
Up 0.6%
Vs. Year Ago
Down -39%
Vs. Year Ago

Months of Supply
In August, there was 2.4 months of supply available in Greater York, compared to 4.0 in August 2017. That is a decrease 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.

New Listings & Current Contracts
This month there were 229 homes newly listed for sale in Greater York compared to 286 in August 2017, a decrease of 20%. There were 176 current contracts pending sale this August compared to 192 a year ago. The number of current contracts is 8% lower than last August.

Sale Price to List Price Ratio
In August, the average sale price in Greater York was 98.5% of the average list price, which is 0.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 42, lower than the average last year, which was 98, a decrease of 57%.

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.