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Lancaster County Real Estate Market Report July 7, 2010
Here are the numbers from my July 7, 2010 searches in the Lancaster County MLS:
                 Active Listings   UA Listings   Ratio     Prior year RatioJul 7, 2010       3,409               582      17.07%       28.83%Jun 4, 2010      3,310               830      25.08%       28.62%May 7, 2010     3,301            1,040      31.51%       28.15%Apr, 7, 2010     3,344               830      24.82%       22.44%                (keep in mind that this is usefulMar 7, 2010      3,089               666      21.56%       19.38%                in watching trends emerge andFeb 6, 2010      2,931               554      18.90%       16.37%                change in the market)Jan 7, 2010      2,772               413      14.89%       16.05% 
The July 2010 issue of the Lancaster County Association of Realtors® publication House Calls reports that Pending Home sales in May 2010 dropped to 280 from 461 a year ago- a 39.2 percent decrease.  The Days on Market is also creeping down slightly.   House Calls also reports that 60% of the homes and condos sold in May were on the market for 60 days or fewer.
The following table illustrates the trend for the number of properties going under agreement over the last 6 months and compares that to the same period in 2009.
(Number of listings that went UA in the Lancaster County FLEX MLS.)Month  2009    2010     ... more

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