A bright spot in the Pennsylvania housing market is York County. During the fist six months of 2010, York County home sales increased a whopping 18% while the median sale price decreased $8,900 dollars.
All but two York County school districts saw increases in home sales. The largest increase was 63% in the Dover SD of York County. Central York had a 35% increase, Hanover Public increased 25% while York City, South Western and Red Lion had 23% increases in home sales.
The federal tax credits for new home buyers has certainly helped sales and attributed to the decrease in the median sale price because of the number of first time buyers who typically purchase homes in a lower price range.
The tax credit program ended in June and according to the Realtors Association of York & Adams Counties most buyers have already settled even though the deadline for settlement was extended to September. Time will tell if this trend can be sustained without the tax incentive.
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