What to Expect from the Lancaster Real Estate Market in 2025
As we kick off 2025, it’s a great time to reflect on the trends we’re seeing and what we can anticipate in the real estate market this year. Here’s a snapshot of what’s been happening and what experts are forecasting:
- Stable Prices
Home prices have been showing a steady, single-digit increase, which signals a more balanced market compared to previous years of rapid growth. - Increased Inventory
Inventory levels in Central Pennsylvania have risen, with a 9% increase compared to the same week in 2024. Looking ahead, we’re anticipating an 8-10% rise in the number of homes available in 2025. This is promising news for buyers who’ve been navigating a competitive market. - Election Year Trends
History shows a bump in real estate activity following 9 of the last 11 presidential election years. Will 2025 follow suit? Time will tell, but it’s something worth keeping an eye on. - Life Events Driving the Market
As always, real estate movement will be influenced by life changes—welcoming new babies, getting married, navigating divorces, aging, and career changes. These events often create opportunities for buying, selling, or upgrading homes.
Whether you're considering buying, selling, or simply staying informed, understanding the market is key. If you have any questions about navigating Lancaster's real estate landscape in 2025, feel free to reach out to us at The Andy Esbenshade Team for personalized guidance. We love being Lancaster's realtor team of choice!