Lancaster City and Township Homes for Sale in 17603 Market Report for December 2011 shows a very important truth. Properties need to be priced correctly when orginally listed. Properties sold at about 60% of original list price while selling at 94% of the most recent list price. When homes for sale were placed at close to market value they went under contract You will notice this in the Average Original List Price and the Average List price noted in the chart to the right.
Currently the absorption rate is 7.5. This means if all available properties on the market would sell at the rate experienced in December 2011 all the homes would sell in about 7.5 months. This is indicative of a fairly stable market.
32 Lancaster City and Township homes for sale in 17603 Market sold in December 2011. Another 22 homes went under contract. These facts will help you as a seller to know that finding a real estate agent who is able to help you price your home correctly.
Contact me to learn more about the market in Lancaster 17603. One of my greatest strengths is in pricing properties at a fair market value.
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