October 2021:
(Residential)
Total Units Sold: 68 Units
Average Days on Market: 15 Days (Up)
Median Sold Price: $227,500!
(Up Big-Time Since the Beginning of Covid)
Inventory was Approx. 0.9 Months
(Average Inventory for a Balanced Market is 5-7 Months!!!)
This & Low Interest Rates are what's driving this Market.
Inventory is Creeping Back up for this Month already as there are currently 81 Homes Listed for Sale thus far bringing us up to 1.2 Months.
We are $10,000,000 worth of Volume Shy compared to November of 2020 thus far, but the Month has just Started.
What does all of this Mean?
The Skinny: The Market is Still Strong. It is a Great time to Sell with the Median Sales Price "on-the-rise". Buyers can expect a lesser chance of entering a Bidding War if they are prompt on New Listings.
***Be on the Lookout Next Week for an Update for All of York & Adams Counties***
