February 2024, York County
The real estate market is currently experiencing a low inventory situation, with the Months Supply of Inventory sitting at 1.43. This indicates that there is a high demand for homes compared to the available supply.
Over the past 12 months, there has been an increase of 18.18% in the Months of Inventory, which suggests that the market may be starting to shift towards a more balanced state. This could potentially lead to more options for buyers in the near future.
Homes are selling quickly in this market, with a median of 33 days on the market before being sold. This rapid turnover indicates a high level of buyer interest and competition for available properties.
Sellers in this market are seeing strong offers, as the List to Sold Price Percentage is at 99.6%. This means that homes are typically selling very close to their listing price, showing that sellers are able to command strong prices for their properties.
The median sold price in this market is $415,000, indicating that homes are selling at a healthy price point. Overall, this data suggests a competitive market with high demand and strong selling prices, making it an attractive market for both buyers and sellers.
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