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York PA Real Estate Market Statistics – August 2011

Click below to view an updated report on how our market compares to this time last year:
york-real-estate-august-2011-statistics

August 2011 Housing Statistics

The REALTORS Association of York & Adams Counties (RAYAC) reports that a total
of 437 homes were sold in Adams County through August of 2011, the same amount of
homes sold in the same time period in 2010. In York County 2,333 homes were sold in
the eight months of 2011, an 11% decrease from 2010. The median sales price in
Adams County was $163,000, an 11% decrease from last year. The median sale price
in York County was $142,500, a 5% decrease from 2010 sales.

“There is a tug and pull on the market with historically favorable affordability conditions on one hand, but on the other banks are
denying loans to many creditworthy potential buyers, and are offering mortgages only to the most qualified buyers,” stated Marty
Sowa RAYAC President. “Those buyers who have been denied financing represent the difference between an uneven recovery and
a much more robust housing market that will stimulate the economy and create jobs.”

 

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