Lancaster County real estate market showing strength

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Lancaster County‘s real estate market showed strength in August with increases in pending listings and closed sales, the Lancaster County Association of REALTORS reported. 

The August statistics were distributed by the Lancaster County Association of REALTORS and offer a current view of Lancaster County’s real estate market. The monthly report comes from the association’s official database, courtesy of Bright MLS. 

“During the month of August, the real estate market continued to show strength with Pending Listings up 7.2% (459), and closed sales up 6.1% (487) from August of 2024,” LCAR President Mike Julian said in a statement. “This strength is underscored by the List-to-Sold ratio remaining over 100% (102.9%).  The slight increase in Active Listings (612) and Average Days-On-Market (23) should be held in check by a 5% decrease in New Listings (474).” 

New listings numbered 474, which was a decrease from July’s 499 total and a 0.4% drop from the August 2024 total of 476. The new pendings rose 1.1% from the 454 in July and over 7% from 428 in August 2024. 

Closed sales increased 3% from 473 in July and more than 6% from the 459 a year ago at this time. The median sold price of $365,000 marked a 1.4% increase over July’s $360,000, and an 8.6% increase over the August 2024 price of $336,000.