Lancaster County PA Real Estate Market Report - Lititz 17543 December 2011

The Lititz area 17543 real estate market shows strength in Lancaster County PA. Sold listings were up 61% with 31 properties selling during December 2011. In November 2011, 19 properties sold. There are several parts of this report which will provide important information for buyers and sellers of homes for sale in Lititz PA.

Key information is related to the average Day on the Market for Lititz PA homes for sale in the Lancaster County PA real estate market. For homes which were on the market for more than 90 days, they sold for 86.7% of the original list price. Homes on the market for 90 days or less sold at 97% of the original list price.

This continues to support the importance of using a strong Comparative Market Analysis to price your home when listing it in Lititz PA. Without key data, picking a "this is what I think" number is not a wise decision. Employing a real estate agent who possesses the skills to provide an accurate CMA will be vitally important in selling your home in Lancaster County PA in Lititz.

When buying a home in Lititz, you will also need to rely on a good CMA when writing an offer. Believing you can buy at 80% of the list price on any and every home will be a waste of time. The statistics bear out that a home which is priced well will sale for very close to the original list price.

The average list price was also considerably lower from November 2011 at $290,000 to December 2011 at almost $240,000.

Absorption rate, which is the total active listings divided by the amount of sold listings in the previous months, is under 6 months showing signs of a stable market. This is the amount of time it would take to sell the entire inventory at the same rate of sales.

Relying on this data should give you confidence as a seller of a home in Lititz PA. An accurate and realistic list price will enable you to sell your home in the least amount of time for the greatest amount of money. Contact me to learn more about selling your home Lancaster County home in Lititz PA 17543.

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