Metropolitan Statistical Area (MSA):
York-Hanover, PA is a Metropolitan Statistical Area (MSA) comprising counties including .
There is no doubt that the York-Hanover, PA metropolitan statistical area (MSA) has been one of the hardest hit areas in terms of the housing market crash. Home prices have plummeted and foreclosures have skyrocketed. However, there are signs that the worst may be over for this area.
One positive sign is that home sales have increased for three straight months, according to data from the Realtors Association of York & Adams Counties. This is the first time this has happened since 2007, and it indicates that buyers are starting to feel more confident about purchasing a home in the York-Hanover area.
Another encouraging trend is that average prices for homes sold in the York-Hanover MSA have also been rising. In May, the average price was $170,000, which was up 3% from April and up 5% from a year ago. This is another sign that buyers are willing to pay more for a home in this area as confidence starts to return to the market.
Of course, it will take some time for the housing market in the York-Hanover MSA to fully recover. However, these trends indicate that things are moving in the right direction and that there is reason to be optimistic about the future of real estate in this area.