Lancaster City and Township 17602 Market report shows some general slowing of the homes for sale. Absorption rate is over 1 year at 13.5 months. December statistics show an absorption rate of around 6 months. This tends to create a stronger buyers market.
However, there is some good news for sellers. Pending homes for sale in Lancaster are up to 34 from 14 in December 2011. We will need to follow this through to see how many closed homes sell in January 2012.
I know I sound like a broken record when it comes to some of the gleanings, but the same principles remain true. If you are selling your home, it must be priced very competitively. Homes which sale, sold for an average of 93% of list price. Getting an agent who is honest and will help you arrive at a realistic list price is essential.
Study some of these charts to help you learn about the market of Lancaster City and Township 17602. Contact me for a free Comparative Market Analysis and learn how I can help you get your home sold.
Ten Most Recent Blog Posts
Do I Need to Pay 3.8% Tax on the Proceeds from the Sale of My House Because of Obama Care
HUD Homes of Sale in Lancaster County
Comments(4)