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10 Comments on Homes for Sale in Lancaster County PA - Ephrata
Only 100 homes for sale and 40 sold in June. That's about a 2 and 1/2 month inventory. Buyers shouldn't wait on the sidelines very long as prices typically start rising when the inventory gets this low.
Cal, even though it is a tight inventory all I can say is we have many pockets that do not even have 10 per cent of your inventory. Have a profitable weekend, Endre
Wow that is a good amount of homes sold in June Cal. Glad to see your market is improving as well!
Gabe, I checked the numbers. There are actually 146 homes for sale. So it is closer to 3.5 months. It is amazing that the absorption rate is that low. You would think that prices would begin to go higher. Just has not happened yet. When lenders loosen up just a bit and people gain more confidence this market is going to shift considerably.
Endre, wow, I hear you. Good inventory is at such a premium it is amazing. I hope it is profitable for you as well.
Debra, I was a bit surprised to realize how many properties sold. I double checked the numbers just to make sure. The market seems to go two steps forward and then a step back. Have a great weekend.
Cal
It is certainly a very good time for home buyers to take advantage of the attractive prices and record low mortgage interest rates.
Have an outstanding week with your camera in hand.
Good Evening, Cal! Great information for both your buyers AND sellers! YOU ROCK!
You are really cooking with posts with these great local posts Cal. Well done. Few agents go to this much effort or have this much area knowledge.
Have an outstanding week with your camera in hand.
Cal - wow did I read that right a home for $10,900
Cal, Very informative post for buyers in Ephrata!
You are the agent to go to for buyers and sellers in the Ephrata area!
Gloria