By Bill Remorenko

The median Sales Price for homes sold in October, 2011 declined slightly to $158.9K down from $162.9K in October, 2010, while the average days on the market rose from 83 days to 99 days for the same period.

As of October 31, there are 5125 Active listings, 409 Pending listings. 328 homes settled in the month of October, bringing the total to 4575 settled homes year to date.

As is the case in other markets, Lancaster home sales are stagnate even as 30 year mortgage rates remain about 4.3%.

With both the holidays and winter weather drawing near, many Sellers are electing  to take their homes off of the market until next Spring, hoping that improvements in the national economy and  consumer confidence will have improved.

“If you don’t have a home to sell, it’s a great time to buy!”