Through September, year-to-date home sales totaled 4,290, an increase of 14 percent compared with the same period a year ago, according to the Realtors Association of York and Adams Counties.
But lower inventory levels remain a challenge for the local housing market, which could send prices higher, said Tony Thomas, the association’s president. “Inventory continues to struggle to meet the buyer demand.”
The median sale price through September was $159,900, up 5 percent from last year’s median price of $153,000.
Home prices were up by double digits in some school districts, including Eastern York, which posted a 19 percent increase at $144,500. The median sale price increase 12 percent in South Eastern to $203,900 and 11 percent in Central York to $178,250.
By volume, the most homes were sold in the Dallastown Area School District. There were 489 home sales through September, an increase of 27 percent. Central York finished the third quarter with 416 home sales, followed by Red Lion Area at 402.
By comparison, year-to-date home sales in neighboring Adams County increased by 17 percent to 885 through September, the association said. The median sale price was $175,000, up 3 percent.