York County Realtors satisfied with increases in home sales despite this limitation
Though York County Realtors are challenged by a limited market, sales were strong last month and are looking good for November, experts said.
In October, 671 homes were sold in York County — a 23% increase from the same time in 2019, according to statistics provided by the Realtors Association of York and Adams Counties.
Additionally, 5,396 houses were sold in the first 10 months of 2020, which is the same number of homes sold last year.
"Sales in York’s housing market continued to remain strong during October, with no signs of slowing," said RAYAC President Heather Kreiger.
The York County housing market declined at the beginning of the year as a result of the COVID-19 pandemic and Gov. Tom Wolf's stay-at-home order. It wasn't until Wolf reopened real estate in May that agents saw growth again.
Kreiger said that growth is due to a limited inventory of houses available for purchase.
"In October, York County had just a little over one month’s supply available," Kreiger said, adding that because there is less than six month's supply, it's considered a seller's market.
Kreiger also said last month had the highest sales activity for any October in the past five years.
As for school districts, West Shore and Dover recorded declines in housing sales for October, at decreases of 10% and 8%, respectively.
Northeastern, on the other hand, saw growth in home sales in October, with a 78% increase when compared with 2019, according to RAYAC's latest statistics.
Forty-eight houses were sold in the district last month, compared with 27 in the same month in 2019.
Looking forward, Kreiger said she's confident housing sales will continue to increase.
"In looking at the number of homes that have sales pending, it's clear that November will be another strong month for sales," she added.
— Reach Tina Locurto at email@example.com or on Twitter at @tina_locurto.