Latest Housing Stats: One York Area Posted 60 Percent Jump In Median Sale Price

Map of Pennsylvania highlighting York County (Photo credit: Wikipedia)

York, PA – If you sold a house in York during the first three months of the year, chances are good that you made a profit from the deal.

Between Jan. 1 and March 31, the median sale price of a home in the York City School District jumped 60 percent while the number of homes sold fell 10 percent, according to data released Thursday by the Realtors Association of York & Adams Counties.

Overall, during the first quarter, the median sale price for a home sold in York County climbed 4 percent from $135,000 in 2013 to $139,997 this year.

Read more: http://www.ydr.com/local/ci_25539459/one-area-posted-60-percent-jump-median-sale

5 Cities Where The Housing Bust Won’t Let Go

Map of Pennsylvania highlighting Philadelphia County (Photo credit: Wikipedia)

Editor’s note:  Allentown also made the list 😦

No. 4 lagging market: Philadelphia
Score: 82.7

Homebuyers aren’t showing the Philadelphia metro area much brotherly love, with the market trailing U.S. averages in almost every metric that RealtyTrac looked at.

Blomquist says Philadelphia housing is doing a particularly bad job of attracting institutional investors, defined in the study as any company or individual who buys 10 or more properties a year anywhere in America.

RealtyTrac found that such buyers account for just 3% of property deals in Philadelphia, compared with 9% nationwide. “Philadelphia is a market that institutional investors are just not very interested in.”

Philly has also seen a sub-par 32% decline in foreclosure filings, while median home prices have rebounded only a below-average 16% from their March 2012 bottom.

Read more: http://business-news.thestreet.com/philly/story/5-cities-where-the-housing-bust-wont-let-go-0/1