York home sales increase continues despite low inventory
York County's monthly home sales figures showed yearly improvement for the 15th month in a row, despite continued Realtor concern over the lack of inventory.
A total of 318 homes were sold in the county during February, according to a report from the Realtors Association of York and Adams Counties. The sales numbers represent a 20 percent increase over February 2015.
Tony Thomas, RAYAC president, said fewer houses were on the market than at this time last year, which usually means lower sales.
"I think it's an indication that we're in a buyer's market that's beginning to ramp up," he said.
With spring around the corner, Thomas said he expects inventory to start increasing as well.
Despite the low inventory and high demand, York County saw minimal increase in median home sale price, which was $140,000 for February after being $139,900 last February.
In total, 632 homes have been sold in the county for a median price of $144,000 during 2016, according to the report.