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Home sale prices in York continue climbing
Low inventory and high demand have combined to steadily increase home sale prices in York County.
February marked the sixth consecutive month in which the county's median home sale price showed year-over-year growth, according to reports from the Realtors Association of York and Adams Counties.
York homes sold for a median sale price of $159,000 during the month, a 14 percent increase over February 2016, RAYAC's latest report shows.
Northern York, South Eastern, Southern York and Spring Grove school districts each finished February with a median sale price above $200,000.
Even York City, which consistently has the lowest home sale prices of any district by far, has seen a 42 percent increase in median home sale price ($42,000) during the first two months of 2017.
Deborah Goodling, RAYAC president and a York City resident, said she believes the increase might be due to numerous rehabilitated homes that have sold recently.
Goodling has previously said home sale prices are going up because of low available inventory and high buyer demand, which she attributed partly to mild winter weather.
The mild February weather helped lead to 338 homes sold in the county, which represents a 6 percent increase over February 2016.
The increase also marks the 27th consecutive month of year-over-year home sales growth.
Goodling said she expects the housing market to continue its upward trend, as she recently learned that new home construction is rising nationally, according to the National Association of Realtors.