As someone who’s watched the York County market ebb and flow for over two decades, I keep a close eye on national trends and what they might mean for us locally. Early in Q3, US existing home sales dipped by 1.7% month-over-month, but interestingly, they still came in 0.7% higher than the same time last year. This tells me the real estate market is holding steady, even as we move through the busy season. The median price for existing homes reached $434,100—marking 37 consecutive months of annual gains. For homeowners, that means added equity is building up, which is always worth tracking whether you’re thinking of selling or just keeping an eye on your investment. Inventory finished the period at 1.54 million homes, down both month-over-month and year-over-year, so buyers need to stay especially alert in a tight market. Even with prices rising, affordability is showing some improvement nationwide, a small but positive sign for buyers who are well-prepared and watching for the right moment. Mortgage rates on a 30-year fixed loan are hovering in the high-6% range, and any decrease there could create more opportunities as we head through summer. As always, I’m committed to helping you navigate these shifts—whether you’re buying, selling, or just planning your next move.
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