York, Adams housing market heating up
- Increase in 2016 median sale prices for houses.
- Increase in number of houses sold in York County through 2016.
A total of 2,042 houses were sold in York County through the end of May, a 14 percent increase from the same time period in 2015, according to local Realtors.
There were a total of 533 homes sold in May 2016, which was a 25 percent increase from May 2015.
“We have a lot of buyers entering the market, and they wanted to get ahead of the summer selling season,” said Tony Thomas, president of the Realtors Association of York and Adams Counties.
Through May, York County has seen a 3 percent increase in the median sale price for houses compared to the same time period in 2015.
The median sale price in York County for the first five months of 2016 was $149,975. The median sale price for the first five months of 2015 was $145,000, according to the Realtors Association of York and Adams Counties.
The median price to purchase a house during May in York County had a 3 percent increase as well, to $163,000.
In three school districts, prices surged over May 2015. In York City, home prices soared 109 percent, from $32,050 in May 2015 to $67,001 this year, although it was accompanied by an 18 percent drop in sales, from 28 in 2015 to 23 this year.
In Eastern York School District, house prices jumped 58 percent since May 2015, from $101,862 to $160,535, with a 25 percent increase in houses sold as well, with 15 sold this May and 12 in May 2015. And in the Hanover district, prices jumped 20 percent, from $124,900 to $149,950, with a 29 percent drop in sales, from 17 in May 2015 to 12 this year.
Thomas said he expects the trends to continue.
“As long as the inventory stays low, the prices will rise,” Thomas said.