PENNSYLVANIA — Pennsylvania home sales fell 10% in September as the statewide median selling price declined and available inventory increased, signaling weaker monthly housing activity even as prices remained above year-earlier levels, according to a report released October 21 by the Pennsylvania Association of Realtors.
The median home sales price dropped 4.5% from August to $315,000, although it remained 6% higher than in September 2025.
Sales totaled slightly more than 10,260 transactions, down from 11,451 in August and nearly 9.5% below the 11,345 sales recorded a year earlier.
The decline in transactions coincided with a modest increase in available homes, potentially giving buyers more choices as higher mortgage rates continue to constrain purchasing power.
Pennsylvania had 46,549 active listings in September, an increase of 1.6% from August. Inventory nevertheless remained approximately 2% below its September 2025 level.
The figures indicate that the housing market experienced weaker sales activity despite a monthly improvement in supply, while the annual increase in median prices suggests affordability pressures have not fully eased.
“Lower home prices and rising inventory may signal a shift toward a more balanced housing market, creating new opportunities for buyers while giving them more options to consider,” said David Dean, the association’s 2026 president and a Realtor with Howard Hanna Real Estate Services in the Pittsburgh region.
Dean cautioned that elevated mortgage rates continue to affect affordability by increasing monthly payments and limiting how much prospective buyers can spend.
The September figures also present a more competitive environment for sellers, particularly as the number of available properties increases relative to monthly transactions.
“For sellers, increased competition means that pricing their homes strategically is more important than ever,” Dean said.
Despite September’s month-over-month price decline, the 6% annual increase in the median selling price indicates that homes statewide continued to command higher prices than a year earlier.
The Pennsylvania Association of Realtors’ report reflects statewide market conditions, which can vary across individual counties and local housing markets.
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