Pace speeds up, volume drops for York County home sales

Most York County homeowners who want to sell their homes are having no problem finding buyers.

The average home sale that closed in July spent just 19 days on the market, according to the Realtors Association of York & Adams Counties. That was faster than June’s pace of 20 days on market, which itself was the quickest pace in 13 years.

However, the lingering problem is that not enough homeowners want to let go of their homes, the York-based association said.

A shortage of homes for sale has limited buying opportunities, which has impacted county home sales. Through July this year, there have been 3,513 homes sold, down 1 percent from 3,549 for the same seven months last year.

“We continue to have our number one issue being a lack of inventory in the York and Adams counties housing market,” said Ken Worley, the association’s 2018 president.

With homes selling so quickly, prices have been rising. The median-sale price this year is $174,000, up 5 percent from $165,000 through July 2017.

Year-to-date home sales could get a bump in August, which is historically a big month for home settlements because it is right before students return to school

The biggest sales increases so far this year have been in the Eastern York and West York school districts. Home sales were up 21 percent in Eastern York and 11 percent in West York, according to the association.

Dallastown led the way for most home sales through July with 381, which was up 8 percent from last year.

But eight of the county’s school districts have seen home sales fall this year. The biggest declines have been in York Suburban (down 19 percent), Red Lion (down 16 percent) and South Eastern (down 16 percent).

On price, the largest gains were in York City and Hanover. The city school district saw the median-sale price for homes jump 25 percent to $64,900 from $52,000 last year. In Hanover, the median-sale price through July was $152,000, up 13 percent from $135,000 last year.

By comparison, Adams County home sales are up 12 percent this year. There were 697 sales through July compared with 623 a year ago. Prices also are up. The median-sale price in the county was $190,000, up 9 percent from $174,000 last year.

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