York-Adams home sales stay up as supply tightens

Written by Brett Sholtis, York Daily Record | Mar 12, 2016 3:00 PM

York County home sales are up 16 percent from last year, despite dwindling inventory.

(York) -- Area home sales continue to increase despite a somewhat low inventory, according to Realtors Association of York and Adams Counties

In York County, 632 homes were sold through the end of February, a 16-percent increase from the same period last year. The median sale price was $144,000, a 4-percent increase over the first two months of 2015.

In neighboring Adams County, home sales through February increased 1-percent compared with January 2015, with 113 homes sold. The median sale price was $155,000, down 7 percent from the same period last year.


Around York County, year-over-year median home values increased the most in the Northern York school district, a 43-percent increase, with a median sale price of $209,900. York Suburban saw the second-greatest increase, up 29 percent to a median home sale price of $147,000.

Home values decreased the most in West Shore School District, down 14 percent from the same period in 2015, with a median home value of $148,000.

Less homes are available for sale in York and Adams counties compared to last year, a fact that could drive up home sale prices this year, said Tony Thomas, 2016 RAYAC president.

"If the home sales continue at this pace, eventually prices should increase as well," Thomas said.


This article is part of a content-sharing partnership between York Daily Record and WITF. 

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