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Home sales in the county slump again
Average price dips 8.9 percent from 2007
Intelligencer Journal
May 20, 2008 02:18 EST
By PATRICK BURNS, Staff

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Local real estate in the long term is tied to regional and national sales. Short term Lancaster County r.e.sales are down (and will get worse) however this is a slow trickle down market (here). It will be down for at least 3-4 years and 'might" get better if the national market improves. Remember in the last 25 years relocation sales in Lancaster is/was between 30-37%. These buyers are coming from other markets. They have contributed to the brisk sales over the years.

The realtors attempt to sugar coat this market. Every month it will get worse "unless" the overall market improves. With discretionary spending being crippled by gas, food, etc....it will get much worse.
These articles and a green agent like Jeff Geoghan make me laugh or better yet cry. Who anointed him an expert? Oh that's right LNP.
Remember realtors are advertisers and they need propaganda.
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