LEMOYNE, PA — The Pennsylvania housing market continued its upward trend in May, with notable increases in home inventory, prices, and sales signaling resilience and balance in the market.
According to a report from the Pennsylvania Association of Realtors®, listings rose over 12% year over year to more than 41,100 in May. The jump in listings also represented a more than 12% increase from April. The market’s inventory stood at 4.26 months, edging closer to the six-month supply considered a balanced market.
The median sales price climbed to $305,000 in May, reflecting a 6% increase compared to the same time last year and a 3% rise from April figures. Additionally, home sales surged 16% from April, with 10,635 sales recorded in May, though this figure marked a slight 3.8% decline compared to May 2024.
“More listings mean more opportunities for buyers to find the right home,” said Bill Lublin, President of the Pennsylvania Association of Realtors® and CEO of Century 21 Advantage Gold in the Philadelphia region. “And rising prices show that the market remains resilient, with buyers willing to invest in homeownership.”
The uptick in available homes played a key role in stabilizing the market. “The current environment benefits both buyers and sellers,” Lublin added. “It creates more choices for buyers while maintaining robust home values for sellers.”
With increased inventory and strong home values fueling activity, the Pennsylvania housing market demonstrates encouraging momentum heading into the summer buying season. The balance between supply and demand continues to present opportunities for both buyers and sellers across the state.
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