Here is a summary of residential property sales in Westmoreland, Northumberland, Lancaster and Richmond counties in the timeframe from January 1 through June 1 for the respective years.  It is quite something to behold. What we can see in the full residential sales market is that 2021 was "the year" with the greatest number of properties sold and the greatest dollar amount. We can also see that the median sales price has been creeping up with the current active median price point way above the median sales price for 2022 which was the highest median we've had. The market has shifted to high end properties and so for a lot of people they will be priced out. Also, lower end properties that are a value at their price point will get lots of attention and will sell.

The waterfront sales have skewed more dramatically and obviously those sales have affected the overall residential summary. Look at the difference in median sales price from 2019 ($354,900) and 2022 ($600,000). Then look at the median sales price of what is on the market for waterfront property which is $799,500....essentially $800,000.  That says a lot about the 90 active properties that we have available.

I will be putting up land sales later this week. For these purposes let me just say that sales peaked in 2021 for land as well. With fewer sales in 2022.