Pennsylvania’s median sale price reached $300K in Late-Q1, prices ↑5.2% yearly and ↑4% MoM, showing a modest statewide uptick.
Home sales topped 8.1K in Late-Q1, but transactions ↓9.7% yearly. Compared with Mid-Q1, sales rebounded >20% across Pennsylvania.
Inventory stayed tight statewide. Listings rose MoM but remained below yearly levels, underscoring continued supply pressure even as the market showed gradual adjustment.
Pennsylvania had >37.2K homes on the market in Late-Q1, listings ↑>9% from Mid-Q1 yet ↓~9% from the same period yearly.
An industry official described a reserved spring boost, pointing to stronger sales versus Mid-Q1 and price gains tied to steady demand and inventory shortfall.
The market was described as slowly finding balance: modest price growth, a slight MoM listings increase, but inventory still lagging yearly levels across Pennsylvania.
Pennsylvania Home Prices Keep Climbing | When Experience and Results Matter
