lancaster county pa real estate market report: Lancaster County Real Estate Market Report August 6, 2010 - 08/07/10 07:50 AM
Here are the numbers from my August 5, 2010 searches in the Lancaster County MLS:
                 Active Listings   UA Listings   Ratio     Prior year RatioAug 5, 2010     3,475               608      17.49%       28.20%Jul 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%
In reviewing the … (0 comments)

lancaster county pa real estate market report: Lancaster County Real Estate Market Report July 7, 2010 - 07/08/10 08:04 AM
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 … (0 comments)

lancaster county pa real estate market report: Lancaster County Real Estate Market Report June 9, 2010 - 06/09/10 12:52 PM
Here are the numbers from my June 4, 2010 searches in the Lancaster County MLS:
                 Active Listings   UA Listings   Ratio     Prior year RatioJun 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%
In the June 2010 issue of the Lancaster County Association of Realtors® publication House Calls it is … (0 comments)

lancaster county pa real estate market report: Here are the numbers from my May 7, 2010 searches in the Lancaster County MLS: - 05/21/10 07:21 AM
                 Active Listings   UA Listings   Ratio     Prior year RatioMay 7, 2010    3,301            1,040      31.51%       28.15%Apr 7, 2010     3,344               830      24.82%       22.44%Mar 7, 2010     3,089              666      21.56%       19.38%Feb 6, 2010     2,931              554      18.90%       16.37%                (keep in mind that this is usefulJan 7, 2010     2,772              413      14.89%       16.05%                in watching trends emerge andDec 7, 2009     2,873              439      15.28%       18.19%                change in the market)Nov 4, 2009     2,907              641      22.05%       20.43%
With everything going on I did not get to prepare and distribute an April 2010 Market Report.  In 2009 things were much slower, so I am pleased with the … (0 comments)

lancaster county pa real estate market report: Lancaster County Real Estate Market Report February 17, 2010 - 02/17/10 10:11 AM
Here are the numbers from my February 6, 2010 searches in the Lancaster County MLS:
                 Active Listings   UA Listings   Ratio     Prior year Ratio
Feb 6, 2010     2,931               554      18.90%       16.37%Jan 7, 2010     2,772               413      14.89%       16.05%                (keep in mind that this is usefulDec 7, 2009     2,873               439      15.28%       18.19%                in watching trends emerge andNov 4, 2009     2,907               641      22.05%       20.43%                change in the market)Oct 6, 2009      2,882               759      26.34%       22.65%Sep 8, 2009     2,884               773      26.80%       24.12%
The Lancaster County Association of Realtors publication, House Calls, reports in the February 2010 issue that … (0 comments)

lancaster county pa real estate market report: Lancaster County Real Estate Market Report January 13, 2010 - 01/14/10 05:12 AM
Happy New Year!  I hope you had a wonderful holiday season and are looking forward to this year.  The week before Christmas turned out to be very busy for me, and we enjoyed helping three households select homes and enter agreements to buy them, which helped two households and a builder be able to move forward with their plans.
Here are the numbers from my January 7, 2010 searches in the Lancaster County MLS:
                 Active Listings   UA Listings   Ratio     Prior year Ratio
Jan 7, 2010      2,772               413      14.89%       16.05%
Dec 7, 2009      2,873               439      15.28%       18.19%
Nov … (2 comments)

lancaster county pa real estate market report: Lancaster County Real Estate Market Report December 17, 2009 - 12/17/09 04:21 AM
Happy holidays!  Christmas is almost here and people are busy getting ready.  I hope you have a wonderful holiday season.
This time of year tends to have fewer active buyers and sellers, but those who are active are generally feeling the need to move for some reason or another.  There is talk of interest rates heading up in the Spring due to the Federal Reserve changing strategy and focus, in an attempt to avoid inflation.  Astute buyers are trying to lock in ahead of that.
The $8,000 First Time Home Buyer Tax Credit has been extended, and, there is now also … (0 comments)

lancaster county pa real estate market report: Lancaster County Real Estate Market Report November 11, 2009 - 11/12/09 02:05 AM
The $8,000 First Time Home Buyer Tax Credit has been extended, and, there is now also a $6,500 credit for people selling a home and buying another!  People thinking of buying a home really should be aware of this and carefully consider the impact of not acting to take advantage of this.  To take advantage of this, you need to purchase a house prior to the end of April 2010.  That means buyers need to be under agreement on a property before April 30, 2010, and settle on that property on or before June 30, 2010.
Here are the numbers from … (0 comments)

lancaster county pa real estate market report: Lancaster County Real Estate Market Report October 7, 2009 - 10/07/09 07:46 AM
Here are the numbers from my October 6, 2009 searches in the Lancaster County MLS:
                 Active Listings   UA Listings   Ratio     Prior year Ratio
Oct 6, 2009      2,882               759      26.34%       22.65%
Sep 8, 2009     2,884               773      26.80%       24.12%
Jul 7, 2009       2,761               796      28.83%       29.17%
May 7, 2009      2,845              801      28.15%       34.95%
Mar 7, 2009       2,812              545      19.38%       31.00%
Jan 3, 2009        2,660             427      16.05%       21.29%
 
Several of our Prudential Homesale Services Group offices saw very strong production in September.  The North Pointe office I work in was almost 37% above goal for the month … (0 comments)

lancaster county pa real estate market report: Lancaster County Real Estate Market Report September 9, 2009 - 09/09/09 04:51 AM
Here are the numbers from my September 8, 2009 searches in the Lancaster County MLS:
                 Active Listings   UA Listings   Ratio     Prior year RatioSep 8, 2009       2,884            773        26.80%   24.12%Aug 7, 2009       2,805            791        28.20%   25.04%Jul 7, 2009        2,761             796        28.83%   29.17%Jun 5, 2009       2,844             814        28.62%   33.26%May 7, 2009      2,845             801        28.15%   34.95%Apr 4, 2009       2,861             642        22.44%   32.03%Mar 7, 2009       2,812             545        19.38%   31.00%Feb 4, 2009       2,730             447        16.37%   24.62%Jan 3, 2009       2,660             427        16.05%   21.29%
This table shows the ratios of the number of properties currently under agreement divided by the number of properties actively on the … (1 comments)

lancaster county pa real estate market report: Lancaster County Real Estate Market Report August 9, 2009 - 08/19/09 05:48 AM
Here are the numbers from my August 7, 2009 searches in the Lancaster County MLS:
 
                 Active Listings   UA Listings   Ratio     Prior year Ratio
Aug 7, 2009      2,805             791         28.20%    25.04%
Jul 7, 2009        2,761            796         28.83%     29.17%
Jun 5, 2009       2,844             814        28.62%     33.26%
May 7, 2009      2,845             801        28.15%     34.95%
Apr 4, 2009       2,861             642        22.44%     32.03%
Mar 7, 2009       2,812             545        19.38%     31.00%
Feb 4, 2009       2,730             447        16.37%     24.62%
Jan 3, 2009       2,660             427         16.05%    21.29%
 
Once again, it's clear that the market in the Lancaster area is … (0 comments)

lancaster county pa real estate market report: Lancaster County Real Estate Market Report July 8, 2009 - 07/08/09 09:03 AM
Here are the numbers from my July 7, 2009 searches in the Lancaster County MLS: 
                 Active Listings   UA Listings   Ratio     Prior year Ratio
Jul 7, 2009       2,761             796      28.83%      29.17%
Jun 5, 2009      2,844             814       28.62%      33.26%
May 7, 2009      2,845            801       28.15%      34.95%
Apr 4, 2009       2,861            642        22.44%     32.03%
Mar 7, 2009       2,812           545         19.38%     31.00%
Feb 4, 2009       2,730           447         16.37%     24.62%
Jan 3, 2009        2,660          427         16.05%     21.29%
In analyzing that information, it's clear that the market in the Lancaster area has strengthened a good bit in 2009 compared to 2008.  Considering the ratio in January … (0 comments)

lancaster county pa real estate market report: Lancaster County Real Estate Market Report June 8, 2009 - 06/08/09 02:20 AM
Here are the numbers from my June 5, 2009 searches in the Lancaster County MLS:
 
                 Active Listings   UA Listings   Ratio     Prior year Ratio
Jun 5, 2009       2,844             814         28.62%   33.26%
May 7, 2009      2,845             801         28.15%   34.95%
Apr 4, 2009       2,861             642         22.44%   32.03%
Mar 7, 2009       2,812             545         19.38%   31.00%
Feb 4, 2009       2,730             447         16.37%   24.62%
Jan 3, 2009       2,660             427         16.05%   21.29%
These numbers are like a "snapshot" of the market at a point in time.  Other numbers that are reported are based on activity over a period of time, … (0 comments)

lancaster county pa real estate market report: Lancaster County Real Estate Market Report May 14, 2009 - 05/14/09 09:13 AM
Here are the numbers from my May 7, 2009 searches in the Lancaster County MLS:
                         Active Listings   UA Listings    Ratio          Prior year Ratio
May 7, 2009                2,845               801        28.15%          34.95%
April 4, 2009               2,861               642        22.44%          32.03%
March 7, 2009             2,812               545        19.38%          31.00%
February 4, 2009         2,730               447        16.37%          24.62%
January 3, 2009           2,660               427        16.05%          21.29%
Looking at the ratio changes from April to May, last year was an improvement of 2.92%.  From April to May this year, the ratio improved 5.71%.  We still see a slower market than we have … (0 comments)

lancaster county pa real estate market report: Lancaster County Real Estate Market Report April 7, 2009 - 04/07/09 07:04 AM
There are many signs that the Real Estate market is improving.  The ratio for Under Agreement to Active listings improved in the last month much more than we saw last year at this time.  Open house traffic is increasing, and the number of properties going under agreement is increasing.
 
A year ago I believed the market had bottomed out in terms of values and activity.  Since then we've seen declines in both of those areas.  There have been major economic shocks to our world, gas prices reaching $4.00 per gallon, bank failures, unemployment increasing, and other things.  Still, here in … (0 comments)

lancaster county pa real estate market report: Lancaster County Real Estate Market Report March 12, 2009 - 03/12/09 03:43 AM
People are thinking of Spring and possibly moving.  The inquiries at our Kiosk at the Park City shopping mall continue to be positive.  Also, this past week a buyer bought one of my listings, and another person listed a condo with me.  Several other people met with me, asking questions about selling or buying.  I have been busy.
 
Here are the numbers from my March 7, 2009 searches in the Lancaster County MLS:
 
                        Active Listings   UA Listings         Ratio           Prior year Ratio
March 7, 2009             2,812               545        19.38%          31.00%
February 4, 2009         2,730               447        16.37%          24.62%
January … (0 comments)

lancaster county pa real estate market report: Lancaster County Real Estate Market Report February 10, 2009 - 02/10/09 02:51 AM
As people begin to think of Spring and possibly moving, I have seen an increase in the number of inquiries at our Kiosk at the Park City shopping mall.  Just this past week the character of inquiries has moved from "how is the market" to "we are thinking of moving".
Here are the numbers from my February 4, 2009 searches in the Lancaster County MLS:
                        Active Listings   UA Listings    Ratio       Prior year Ratio    2004/05 Ratio
February 4, 2009         2,730           447        16.37%          24.62%            75.45%
January 3, 2009           2,660          427        16.05%          21.29%            85.24%
December 4, 2008       2,848           518        … (2 comments)

lancaster county pa real estate market report: Lancaster County Real Estate Market Report January 6, 2009 - 01/06/09 08:56 AM
Here are the numbers from my January 3, 2009 searches in the Lancaster County MLS:
 
                        Active Listings   UA Listings    Ratio          Prior year Ratio    2004/05 Ratio   2001 Ratio
January 3, 2009           2,660         427        16.05%          21.29%            85.24%                23.10%
December 4, 2008       2,848          518        18.19%          24.15%            8.74%                  35.31%
November 7, 2008      2,903           593        20.43%          20.43%            95.00%                33.91%
October 4, 2008          2,879          652        22.65%          28.76%            90.55%                33.36%
September 6, 2008      2,819          680        24.12%          32.90%            95.09%                35.99%
August 9, 2008           2,852           714        25.04%          41.02%            103.22%              (not recorded)
July 5, 2008                 2,736         798        29.17%          44.61%            109.65%              39.34%
(0 comments)

lancaster county pa real estate market report: Lancaster County Real Estate Market Report October 4, 2008 - 10/23/08 06:22 AM
Here are the numbers from my October 4, 2008 searches in the Lancaster County MLS:
 
                        Active Listings   UA Listings    Ratio              2007 Ratio       2001 Ratio
October 4, 2008          2,879               652        22.65%          28.76%            33.36%
September 6, 2008       2,819               680        24.12%          32.90%            35.99%
August 9, 2008             2,852               714        25.04%          41.02%            (not recorded)
July 5, 2008                 2,736               798        29.17%          44.61%            39.34%
June 3, 2008                2,664               886        33.25%          49.34%            41.86%
May 6, 2008                2,638               922        34.95%          48.47%            43.30%
 
The Stock Market has declined significantly recently.  Yesterday the Dow Jones Industrial Average declined 514 points … (0 comments)

lancaster county pa real estate market report: Lancaster County Real Estate Market Report September 15, 2008 - 09/15/08 09:24 AM
What a difference a few months can make in the local real estate market.  The numbers from my August and September 2008 searches in the Lancaster County MLS indicate the following:
 
                        Active Listings   UA Listings    Ratio                     2007 Ratio       2001 Ratio
September 6, 2008      2,819               680        24.12%          32.90%            35.99%
August 9, 2008            2,852               714        25.04%          41.02%            (not recorded)
July 5, 2008                2,736               798        29.17%          44.61%            39.34%
June 3, 2008               2,664               886        33.25%          49.34%            41.86%
May 6, 2008                2,638               922        34.95%          48.47%            43.30%
April 6, 2008                2,523               808        … (0 comments)

 

Merle J. Sollenberger

GRI, CRS

Lancaster, PA

More about me…

Prudential Homesale Services Group

Address: 150 North Pointe Blvd, Lancaster, PA, 17601

Office: 7175(609) 100-9803

Mobile: (717) 371-9330

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