Homes are selling faster in Lancaster County this year as buyer demand continues to grow, according to the Lancaster County Association of Realtors.
Nearly three out of every four listings sold in June were on the market for 60 days or less — up from about 65 percent a year ago. And the number of homes that went under contract increased 7.4 percent compared with the same month a year ago.
“We are experiencing a highly competitive market right now with multiple offer situations being very common,” said Lynn Zimmerman, the association’s 2016 president.
Lancaster County finished June with 643 home sales, an 11.1 percent increase. For the second quarter, sales totaled 1,668, which was up 9.2 percent, the association said.
The second quarter total was about 15 percent higher than the quarterly average over the last five years.
Meanwhile, the median sale price in June was $186,500, an increase from $179,900 last year, according to the association.