HOME SALE PRICES HIT FIVE YEAR HIGH
Chris Beadling on May 18, 2022
The median sales price of all homes closed in Pennsylvania last month hit the highest level in over five years, according to a report prepared for the Pennsylvania Association of Realtors®. The median price was $204,274 in April, up 13.4% over the same time last year.
The number of Pennsylvania home sales remained consistent in April at 11,373, compared to March, with 11,421 home sales. Monthly sales are down 6.5% from the same time last year. NAR shows a five-month decline in pending home sales, as well as a drop in newly constructed single-family sales.
Listings in Pennsylvania also continued at the same level, with 35,919 in April, however, they were down 26.8% over April last year.