The Lehigh Valley housing market displayed robust activity in September, with closed sales, pending sales, new listings, and prices all trending upward according to data from the Greater Lehigh Valley Realtors.
Closed sales increased 3.7% to 589 listings in Lehigh and Northampton counties, while the median sales price rose 2.5% to $352,500, up from $343,750. New listings surged 17% to 772, and pending sales improved 7.1% to 630.
“The Lehigh Valley housing market continues to demonstrate steady growth and underlying strength,” said GLVR CEO Justin Porembo.
Despite the positive sales activity, inventory decreased 3.7% to 806 units, leading to a months supply of inventory that dropped 6.3% to 1.5 months. Homes sold in an average of 19 days, one day faster than the previous September.
Buyers continued paying close to asking prices, with the percentage of list price received at 100.6%, though this represents a slight 0.1% decline from the previous period.
In Carbon County, the median sales price increased to $255,000. However, closed sales declined to 53, while pending sales rose to 71. New listings decreased to 84, and inventory fell to 190 units, resulting in a 3.3-month supply. Homes in Carbon County took longer to sell, averaging 46 days on the market.
Recent mortgage rate improvements have created new opportunities for potential buyers.
“Over the last several weeks, mortgage rates have dipped below 6.5%, opening new opportunities for home buyers,” said 2025 GLVR President Michael Bernadyn. “We’re seeing buyers respond to improved affordability, with pending sales and mortgage applications on the rise.”
Porembo noted that improving national sentiment as rates ease suggests “a positive trajectory heading into the final quarter of the year.”
Generative AI was used to draft this story, based on data provided by the Greater Lehigh Valley Realtors. It was reviewed and edited by lehighvalleylive.com staff.
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