Pennsylvania Home Prices Rise as Sales Fall 6%

Pennsylvania home prices in August stayed 4.7% higher than a year ago, with a median price of $330,000, unchanged from July. Sales dropped nearly 6% year-over-year to 11,451, while inventory slightly declined to 45,828 listings, resulting in 4.56 months of supply, favoring sellers. Inventory was tightest in the $250,000-$374,999 range and more abundant at higher price points, with luxury homes having over six months of supply.