Pennsylvania Sees More Homes on the Market

Our state has been experiencing a strong spring housing market, and the great news for buyers is that we saw a leap in the number of homes on the market in April.

Listings were up 3.5% in April over March, and up 7% compared to the same time last year, according to a report prepared for the Pennsylvania Association of Realtors®. There were 36,495 listings in April, compared to 32,761 in March.

The statistics show a slight increase in most price range homes, including the number of moderately priced homes. That’s particularly helpful to first-time buyers.

This growing number of homes on the market is good news for homebuyers. The increased inventory gives buyers more options so that they may face less competition for a home. And this rising inventory also shows a slight shift toward a more balanced market.

Home sales jumped 11% from March to April, with 9,161 sales last month. However, the number of sales is down 5.8% compared to April 2024.

We’re seeing the median home sales price remain strong. Home prices show that purchasing a home is a great wealth-building tool over time.

The median sales price rose to $295,000 in April, up 3.5% from March. The median price is up 7% from the beginning of the year and 7.2% year over year.

We know that working with a Realtor® is one of the smartest decisions a buyer or a seller can make in a real estate transaction. Realtors® understand their local markets and have professional negotiation skills to help their clients navigate this process, reducing their risk of costly mistakes.