York County home prices up 6 percent, highest since 2007
York County home prices are at their highest level in more than a decade amid a low supply of available homes for people to buy.
The Realtors Association of York & Adams Counties said Wednesday that the year-to-date median-sale price through September was $176,000, up 6 percent from last year and the highest median since 2007. Realtors say an ongoing inventory shortage has fueled a sales environment where sellers often receive multiple offers for their home, which has pushed up prices.
The tight inventory also has limited potential sales growth. York County home sales have fallen 2 percent over the year. There were 4,648 sales through nine months, down from 4,736 last year.
Just one of the county's 16 school districts — Spring Grove at 10 percent — has posted double-digit sales growth this year. West York was the second highest through September with a 9 percent increase over last year.
Meanwhile, York Suburban School District has seen home sales dip 19 percent so far this year, the most of any district in York County. The South Eastern and Red Lion school districts posted declines of 13 percent and 11 percent, respectively.
Dallastown led all school districts with 497 home sales through September. Hanover had the fewest sales with 149.
On price, York City has seen the biggest bump in median-sale price. Homes in the city have sold for a median price of $64,900 through September, up 22 percent from $53,250 last year.