The real estate market in Lancaster County is red-hot right now.Average prices have risen more than 10% in the last year, if you can even find a home to buy.Adrian Young has been a realtor for 16 years and said he’s never seen anything like it.”It’s just a perfect storm of factors that are creating the market that we have,” he said. It may be the best seller’s market – ever.”We have a national shortage of inventory, so there’s really nothing for people to buy. The interest rates are nice and low – still historically low – so buyers are motivated,” she said.Young said properties are selling in three days or less at all price points, most of the time at 10% to 15% over the asking price.”I haven’t had a property in the last year that has sold for less than what we listed it for. I think the most crazy one we had was a property listed at $140,000 that sold at $260,000,” she said.Properties are so hard to find that Young is creating his own inventory by renovating a house he recently bought in Lititz.”We’re putting in a new kitchen, adding bathrooms, adding a central air conditioning system, updating the electric,” he said.He said there is no better time in history to sell in terms of price points on homes.However, the market is a double-edged sword. As a seller, you may be able to sell your property right away and get top dollar. But then you become a buyer and could struggle to find a new home. If you do transition from being a seller to a buyer, be prepared to take action within hours after you see a property you’re interested in.”Bring your best offer from day one. This is not a negotiating market for the buyers. You’re going to be prepared to go all-in from the immediate offer you make,” he said. That means you need to have cash in hand or be pre-approved for a mortgage.Realtors said buyers shouldn’t be surprised if they are outbid by someone waiving property inspections and paying the 6% realtor fees that sellers usually pay.

The real estate market in Lancaster County is red-hot right now.

Average prices have risen more than 10% in the last year, if you can even find a home to buy.

Adrian Young has been a realtor for 16 years and said he’s never seen anything like it.

“It’s just a perfect storm of factors that are creating the market that we have,” he said.

It may be the best seller’s market – ever.

“We have a national shortage of inventory, so there’s really nothing for people to buy. The interest rates are nice and low – still historically low – so buyers are motivated,” she said.

Young said properties are selling in three days or less at all price points, most of the time at 10% to 15% over the asking price.

“I haven’t had a property in the last year that has sold for less than what we listed it for. I think the most crazy one we had was a property listed at $140,000 that sold at $260,000,” she said.

Properties are so hard to find that Young is creating his own inventory by renovating a house he recently bought in Lititz.

“We’re putting in a new kitchen, adding bathrooms, adding a central air conditioning system, updating the electric,” he said.

He said there is no better time in history to sell in terms of price points on homes.

However, the market is a double-edged sword. As a seller, you may be able to sell your property right away and get top dollar. But then you become a buyer and could struggle to find a new home.

If you do transition from being a seller to a buyer, be prepared to take action within hours after you see a property you’re interested in.

“Bring your best offer from day one. This is not a negotiating market for the buyers. You’re going to be prepared to go all-in from the immediate offer you make,” he said.

That means you need to have cash in hand or be pre-approved for a mortgage.

Realtors said buyers shouldn’t be surprised if they are outbid by someone waiving property inspections and paying the 6% realtor fees that sellers usually pay.