A total of 9,200 homes were sold in Pennsylvania during November, a roughly 2% decline from the 9,380 sales recorded one year ago. On a month-over-month measurement, sales dropped 17% from October’s total 11,174 transactions.
According to the Pennsylvania Association of Realtors (PAR), the number of homes on the market increased 3.4% year-over-year to 41,849. In October, however, the number of homes on the market totaled 43,600.
The Pennsylvania median home price was up 5.2% year-over-year to $305,000, compared to $290,000 in November 2024. The median sales price jumped 1.6% compared to October’s $300,000.
“In Pennsylvania, home prices have remained remarkably steady throughout the year, providing a sense of stability for both buyers and sellers as the market continues to adjust to changing conditions,” said Bill Lublin, PAR president and CEO of Century 21 Advantage Gold in the Philadelphia region. “Even in a steadier pricing environment, homeowners are benefiting from rising equity, showing the lasting financial value of investing in a home. We’ve seen a gradual upturn in listings this year. With more homes coming onto the market, consumers have greater flexibility as they navigate their housing decisions.”
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