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.