Lancaster County Weekly Market Snapshot

This week let's take a look at what the market is doing in the Hempfield School District by doing a year to date comparison between 2009 and 2008.

                                       HEMPFIELD SCHOOL DISTRICT

                                    2008                                                   2009

Active Listings:         1122                                         1051                                         

Avg. List Price:         $271,521                                    $257,291                                   

Avg. Sales Price:      $231,925                                    $214,894

Days on Market:       64                                              73     

# of homes SOLD:    426                                            406    

% of houses that sold: 37.9%                                     38.6%

% of list price rec'd:    85.4%                                      83.5%

The numbers above show why it is so important to have statistics run for your particular area versus Lancaster County as a whole. Although parts of the county are showing some small signs of improvement when comparing 2009 with 2008, in the Hempfield School District we are seeing not only a lower average listing price but a corresponding lower sales price as well. Although these numbers may frustrate you if you are considering selling your Hempfield home remember, it is always best to be armed with accurate, up to date information so that you can price your home right with the guidance of your real estate professional.

Don't see the information you're looking for or want a more detailed explanation of what the above information might mean to you? Then please send me an email, give me a call or come visit me on the web at www.lancasterbylisa.com!