Pennsylvania Sees Significant Rise in Home Market Inventory and Changes in Prices

Rising Inventory Levels in Pennsylvania's Housing Market

In July, the Pennsylvania housing market witnessed a remarkable surge in listings, reaching a three-year high with over 42,000 homes now on the market. This represents a 9.5% increase from the same period last year. The significant leap in inventory is attributed to a steady recovery from the historically low levels that have characterized the market in recent years.

Bill Lublin, the President and CEO of Century 21 Advantage Gold, emphasized that the current inventory levels mark a healthy shift toward a more balanced market, indicating that prices may stabilize as competition eases. With 1.5% more listings compared to June 2025, the steady increase is reassuring for potential home buyers who may have faced challenges due to short supply and resulting price inflation over the past few years.

Despite the influx of new listings, the median home price in Pennsylvania has slightly adjusted, rising by 6.5% year-over-year to reach $320,000 in July. Although this figure reflects an upward trend overall, it is notable that the median price has dipped from $325,000 in the previous month. This seesaw effect may indicate an impending stabilization in home prices, aligning with the increase in available homes.

Home sales have remained relatively consistent, with approximately 11,450 transactions taking place in July, mirroring the performance from both previous months and last year. With demand still robust, many homebuyers continue to face multiple offer situations, particularly for competitively priced properties.

Lublin points out that the skills and expertise of real estate professionals are invaluable in navigating the current market landscape. As buyers and sellers engage in this evolving environment, adept realtors can provide critical guidance and representation, ensuring that clients secure optimal deals in their transactions.

The Pennsylvania Association of Realtors®, which supports over 38,000 members statewide, plays a crucial role in disseminating market data and insights. As inventory levels rise, it remains a primary resource for navigating the intricacies of real estate in Pennsylvania.

Overall, the increase in housing inventory is a promising sign that points toward a return to stability and balance in the Pennsylvania real estate market, benefitting buyers, sellers, and real estate professionals alike.