York housing market concludes banner year
- A total of 5,649 homes sold in York County during 2016 which is most since at least 2007.
- Median sale price of homes in county was nearly $160,000 for year, 5 percent higher than 2015.
December concluded a strong 2016 for York County's housing market, which saw its highest home sales numbers since at least 2007.
The 487 homes sold in December represented an 18 percent increase over December 2015, and the year-end total of 5,649 signified an 11 percent increase over 2015, according to a report from the Realtors Association of York and Adams Counties.
December also marked the 25th consecutive month that York County has seen a year-over-year increase in home sales.
That streak could be challenged in January, as interest rates have risen, but 2017 RAYAC president Deborah Goodling said Realtors are hopeful that healthy market conditions will continue.
The number of homes sold during 2016 surpassed even the number sold in 2007, when a nationwide housing-market crash led to sharp declines in the county's sales numbers.
Goodling, who said she has been involved in real estate for about 20 years, said it has been numerous years since she and her colleagues have been this busy.
A total of 5,307 homes were sold in the county in 2007, and that number fell to 3,886 homes in 2008, according to RAYAC stats. Sales numbers hit a low in 2011, when just 3,479 homes were sold in York County.
RAYAC does not have home sales data available on its website for years prior to 2007, but Goodling said previous statistics showed about 5,900 homes were sold in the county in 2006.
Foreclosures and short-sales are still higher than they were before the housing-market crash, and Goodling said a return to less of those will depend on a stronger job market.
Districts: The association's report is broken down by school districts, and West York — at 28 percent — and Northeastern — at 21 percent — saw the largest yearly increases in homes sold.
Dallastown led the county with 609 homes sold during the year, which was a 17 percent increase over 2015.
Hanover, Southern York and South Eastern were the only districts where fewer homes were sold in 2016 than in 2015, though the districts' combined drop-off was just 12 homes.
Northern York saw the fewest number of homes sold with 156 on the year, though that was two more than were sold in 2015.
Sale prices: RAYAC's report also tracks the median sale price of homes, which was nearly $160,000 for 2016, a 5 percent yearly increase.
Eastern York and York City both had median price increases greater than 15 percent for the year, while West Shore and Dallastown's prices remained relatively stagnant.
No district saw a drop in median sale price from the previous year.
The median sale price for homes in Northern York was $228,750, a high for the county in 2016, while York City homes were sold at a median price of $41,612, the county's lowest figure by more than $90,000.