York County home sales down in 2018 as supply remains tight
Facing a chronic shortage of homes for sale, York County saw home sales fall by 3 percent last year, the first decline in six years.
The Realtors Association of York & Adams Counties said home sales last year totaled 6,085, down from 6,243 in 2017.
Nonetheless, sales in 2018 were still 75 percent higher than in 2011, the bottom of the market this decade, when sales were 3,479.
Home sales had been rising by double digits annually this decade, but the supply of homes hitting the market has dwindled over the past two years, a challenge that is expected to continue.
"As we approach 2019, national economists are predicting much of the same: lack of available homes for sale and continued small increases in home values," said Heather Kreiger, the association's 2019 president.
Still, homes are selling at a fast pace and for more money, as buyer demand remains high. The median-sale price last year in York County was $175,000, up 3 percent from $169,900 in 2017, according to the association. That was the sixth straight increase in the median-sale price in the county.
By school district, the association said home sales last year fell in 11 of the 16 districts in the county. The biggest sales drop - 14 percent - was in the Southern York County School District.
The biggest gain was seen in the Spring Grove Area School District, where homes sales jumped 14 percent from 2017.
The Dallastown Area School District remains on top for most home sales in the county. Dallastown home sales totaled 648 last year, up 3 percent from 2017. The Central York School District was No. 2 with 564 home sales, which was up 1 percent.
On price, the York City School District posted the biggest increase in median-sale price at 22 percent. The city median was $64,900 last year compared with $53,000 in 2017.
The highest median-sale price in the county last year was $235,700, posted in the Northern York County School District