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Home sales in the Keystone State were down in September despite a spike in new listings, according to new data from the Pennsylvania Association of Realtors (PAR)

A total of 9,538 home sales were recorded, down 6.5% compared to September 2023. This occurred despite 9.6% year-over-year upswing in listings – 38,794 residential properties were on the market last month. The September inventory was the highest it has been compared to all of 2023.

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Last month, the median sales price for residential properties in Pennsylvania was $295,000, down 3% from August but also 9% higher year-over-year.

“While price adjustments have been modest, the increase in inventory is a positive sign for buyers who have faced limited options and competitive bidding over the past year,” said Bill Lublin, PAR president-elect. “With more homes coming onto the market, we’re seeing a gradual shift toward a more balanced housing landscape.”

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