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Minute Market Update | July | Lancaster County and Surrounding Areas

Housing inventory is up across the nation – the highest it’s been in six years! In our local area, inventory is still limited and we haven’t seen the shift yet. However, we are seeing some homes sell quickly while others sit on the market. We will keep a close watch on our local area.

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Feeling Stuck in Your Home?

Many homeowners are experiencing what the real estate industry calls the mortgage rate lock-in effect. They want to move, but they’re reluctant to give up their low interest rates. Here’s something worth considering, though: You may have more buying power than you realize.
Selling Your Home Starts Long Before the For Sale Sign Goes Up

There are a lot of questions between thinking about moving and actually putting a For Sale sign in the yard. Where will you go? What is your current home worth? How much equity do you have? Should you make repairs or updates before selling? Do you buy your next home first or sell this one first? These are exactly the conversations I like to have with homeowners well before they’re ready to list. Because in my experience, a successful home sale starts long before the For Sale sign goes up.
Why Some Homes Sell Quickly – and Others Sit on the Market

If you’ve been watching the real estate market lately, you may have noticed something interesting. One home goes on the market and is under contract within days. Another home sits for weeks and eventually has a price reduction. So, what makes the difference?