The Long & Foster Market Minute

Focus On: York County Housing Market February 2019

Units Sold
375
Active Inventory
1,380
Median Sale Price
$170,000
Days On Market
78
Up 8%
Vs. Year Ago
Down -49%
Vs. Year Ago
Up 3%
Vs. Year Ago
Up 3%
Vs. Year Ago

Units Sold
There was an increase in total units sold in February, with 375 sold this month in York County Real Estate versus 350 last month, an increase of 7%. This month's total units sold was higher than at this time last year, an increase of 8% versus February 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 1,338 units or 49%. The total number of active inventory this February was 1,380 compared to 2,718 in February 2018. This month's total of 1,380 is lower than the previous month's total supply of available inventory of 1,564, a decrease of 12%.

Median Sale Price
Last February, the median sale price for York County Homes was $165,450. This February, the median sale price was $170,000, an increase of 3% or $4,550 compared to last year. The current median sold price is 3% lower 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
531
Current Contracts
471
Sold Vs. List Price
97.6%
Months of Supply
3.7
Down -8%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago
Down -53%
Vs. Year Ago

Months of Supply
In February, there was 3.7 months of supply available in York County, compared to 7.9 in February 2018. That is a decrease of 53% 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 531 homes newly listed for sale in York County compared to 576 in February 2018, a decrease of 8%. There were 471 current contracts pending sale this February, consistent with the volume a year ago. The number of current contracts is 5% lower than last month.

Sale Price to List Price Ratio
In February, the average sale price in York County was 97.6% 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 78, higher than the average last year, which was 76, an increase of 3%.

The Long & Foster Market Minute
*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.