Home prices continue to rise as the inventory of homes for sale remains tight.
The Realtors Association of York & Adams Counties said August sales in York County were up just 1 percent with 601 homes sold for the month. Meanwhile, the median-sale price jumped to $169,900, a 5 percent increase over last year.
“Inventory continues to be low as we come into the fall season,” said Deborah Goodling, RAYAC’s current president.
Despite the market tightening, sales for the year are up 4 percent. There were 3,966 homes sold through August, the association said. And the median-sale price has risen by 3 percent to $165,000.
The York Suburban, Dover and Southern York areas have seen the biggest increase in sales so far this year. York Suburban home sales were up 40 percent through August with 319 closed sales. Dover was up 20 percent with 280 home sales, while Southern York sales increased by 19 percent to 196 through August.
Dallastown had the most home sales after eight months with 421, the association said.
The highest median-sale price can be found in Northern York. It was $225,000 through August.