Pa. Home Market Inventory Continues to Increase

Pennsylvania has seen a move toward a more balanced market in the past few months.

The number of homes on the market in Pennsylvania reached a three-year high in July, reaching an amount not seen in the past several years.  

There were 42,270 homes on the market last month, up 9.5% over the same time last year, according to a report prepared for the Pennsylvania Association of Realtors®. Listings grew 1.5% from June 2025.

We continue to see a substantial increase in housing inventory, reaching levels we haven’t seen since 2023. Over the past few years, we’ve faced historically low inventory, which fuels competition and higher prices. For the market overall, an increase in inventory points toward a healthier balance, supporting more sustainable pricing.

Homes with higher price points have a larger months’ inventory, particularly those priced over $1 million. More moderately priced homes, between $125,000 and $374,999, continue to have greater inventory challenges.

The median home price rose 6.5% compared to last year, hitting $320,000 in July. That price reflects the first time this year that prices have declined month to month, with a slight decline from $325,000 in June.

Home sales remained about the same year over year compared to the previous month at 11,450 in July.

As I talk with Realtors® throughout the state, most say they continue seeing strong demand from buyers and multiple offers on competitively priced homes.

As you know, whether consumers are buying or selling a home, navigating this market requires the skills and knowledge of a Realtor®. We guide them through the process and advocate on their behalf to ensure they are getting the best deal possible.

Check out the report on our Pennsylvania Housing Market Report webpage, and be sure to share the report online.