Pennsylvania Home Sales Climb 4.5% in Latest Monthly Report
There were more than 43,600 listings in October, which reflects little change from the 43,300 listings in September. Listings are up about 50% compared to earlier this year, with just over 29,000 in January.
The median price for the homes sold last month was
The commonwealth experienced a 4.5% increase in sales in October compared to September, indicating continued consumer interest in owning a home. Sales were up 6.4% year-over-year.
"As new listings tick upward, it helps to balance the market, and a balanced market benefits both buyers and sellers. Sellers see consistent demand and buyers have more opportunities to find the right home," said
"We're seeing a stable market overall, with prices and total inventory holding firm," Lublin continued. "The steady median sales prices indicate an ongoing buyer demand and sustained confidence in the market. Steady listing totals also suggest sellers remain engaged, even as seasonal patterns typically begin to cool in the fall."
"A stable month-over-month report is encouraging; it shows consumers that the market can satisfy their housing needs," he added. "But it also highlights the need for expert insight. Realtors® help consumers navigate the nuances that don't always show up in the headline numbers."
The
Pennsylvania Association of Realtors®
is a trade/professional association that serves more than 38,000 members in the commonwealth of
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SOURCE Pennsylvania Association of Realtors(R)
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