{"id":258616,"date":"2026-08-03T23:02:09","date_gmt":"2026-08-03T23:02:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-pa\/258616\/"},"modified":"2026-08-03T23:02:09","modified_gmt":"2026-08-03T23:02:09","slug":"erie-mid-year-housing-market-review-pennsylvania","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-pa\/258616\/","title":{"rendered":"Erie mid-year housing market review | Pennsylvania"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-pa\/wp-content\/uploads\/2026\/08\/1785798128_439_pixel.gif\" alt=\"\" height=\"1\" width=\"1\" style=\"position: absolute; top: 0; left: 0;\"\/><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-pa\/wp-content\/uploads\/2026\/08\/croppedRealEstate4005GOjpg.JPEG\" alt=\"\" style=\"width: 100%\"\/>Sundry Photography \/\/ ShutterstockErie mid-year housing market review<\/p>\n<p>Seven months into 2026, the housing market is showing signs of <a href=\"https:\/\/www.redfin.com\/news\/housing-market-predictions-2026\/\" rel=\"nofollow noopener\" target=\"_blank\">unwinding<\/a> from the pandemic-era frenzy that drained supply, pushed prices to record highs, and brought activity to a standstill. Buyers have more homes to choose from than they did at the start of the year, competition <a href=\"https:\/\/www.redfin.com\/news\/housing-market-update-pending-sales-increase-summer-starts\/\" rel=\"nofollow noopener\" target=\"_blank\">has balanced<\/a> in a few slower markets, and price growth has remained relatively modest. Affordability is still a <a href=\"https:\/\/www.redfin.com\/news\/home-prices-record-high-june-2026\/\" rel=\"nofollow noopener\" target=\"_blank\">key issue<\/a> and is limiting activity, though.<\/p>\n<p>But not all markets are seeing the same trends. Some cities in the Midwest, Northeast, and Bay Area have become <a href=\"https:\/\/www.redfin.com\/news\/most-competitive-housing-markets-2026\/\" rel=\"nofollow noopener\" target=\"_blank\">red-hot<\/a> and <a href=\"https:\/\/www.redfin.com\/news\/san-francisco-home-prices-march-2026\/\" rel=\"nofollow noopener\" target=\"_blank\">much more expensive<\/a> as buyers fight over a dwindling inventory. On the other end of the spectrum, many cities in the Sun Belt have <a href=\"https:\/\/www.redfin.com\/news\/buyers-vs-sellers-may-2026\/\" rel=\"nofollow noopener\" target=\"_blank\">cooled<\/a> as buyers <a href=\"https:\/\/www.redfin.com\/news\/austin-texas-slowest-housing-market\/\" rel=\"nofollow noopener\" target=\"_blank\">back off<\/a> from previously overheated prices and <a href=\"https:\/\/www.redfin.com\/news\/climate-migration-real-estate-2026\/\" rel=\"nofollow noopener\" target=\"_blank\">climate risks<\/a>, leaving listings sitting for months.<\/p>\n<p>Let&#8217;s take a look at how the <a href=\"https:\/\/www.redfin.com\/city\/6172\/PA\/Erie\" rel=\"nofollow noopener\" target=\"_blank\">Erie<\/a> market is doing as we enter the second half of 2026. How have prices changed? How many homes are selling? <a href=\"https:\/\/www.redfin.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Redfin Real Estate<\/a> took a look at several metrics, such as median sale price, active listings, days on market, and more to help buyers and sellers navigate the housing market today.<\/p>\n<p>Metro-level data is not seasonally adjusted and represents the average monthly median for January-June 2026. National-level data is seasonally adjusted except for median sale price.<\/p>\n<p>Mid-year housing market trends: Erie<\/p>\n<p>Median sale price: $196,543 (+10.0% YoY)Homes sold: 167 (+5.0% YoY)Active listings: 473 (-0.2% YoY)New listings: 212 (-3.6% YoY)Months of supply: 1.6 (-0.2 YoY)Median days on market: 19.9 (+4.0 YoY)Share of homes delisted without selling: 3.3% (-0.1 YoY)Share of delistings relisted: 1.9% (+0.3 YoY)Share of homes sold above original list: 32.2% (-0.8 YoY)Share of homes sold in two weeks: 55.6% (-4.1 YoY)<\/p>\n<p>Mid-year housing market trends: Nationwide<\/p>\n<p>Median sale price: $391,879 (+1.5% YoY)Homes sold: 296,950 (+1.5% YoY)Active listings: 1,482,500 (+2.6% YoY)New listings: 380,227 (-0.4% YoY)Months of supply: 3.9 months (flat YoY)Median days on market: 49.5 days (+4.2 days YoY)Share of homes delisted without selling: 5.6% (+0.3 ppts YoY)Share of delistings relisted: 2.4% (+0.3 ppts YoY)Share of homes sold above original list: 21.4% (-1.6 ppts YoY)Share of homes sold in two weeks: 30.8% (-1.1 ppts YoY)<\/p>\n<p>Please see <a href=\"https:\/\/www.redfin.com\/news\/data-center-metrics-definitions\/\" rel=\"nofollow noopener\" target=\"_blank\">Redfin&#8217;s metrics definitions<\/a> for explanations of these data points.<\/p>\n<p><a href=\"https:\/\/www.redfin.com\/city\/6172\/PA\/Erie\" target=\"_blank\" rel=\"nofollow noopener\">This story<\/a> was produced by <a href=\"https:\/\/redfin.com\" target=\"_blank\" rel=\"nofollow noopener\">Redfin Real Estate<\/a> and reviewed and distributed by <a href=\"https:\/\/hubs.la\/Q03klgSR0\" rel=\"nofollow noopener\" target=\"_blank\">Stacker<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Sundry Photography \/\/ ShutterstockErie mid-year housing market review Seven months into 2026, the housing market is showing signs&hellip;\n","protected":false},"author":2,"featured_media":258617,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[60,2274,61,136,138,137,18261,1718,17308,10686,23476,18260,2267,12949],"class_list":["post-258616","post","type-post","status-publish","format-standard","has-post-thumbnail","category-erie","tag-business","tag-business-economics","tag-economy","tag-erie","tag-erie-headlines","tag-erie-news","tag-financial-markets","tag-investment","tag-market-economics","tag-marketing","tag-price","tag-pricing","tag-private-sector","tag-redfin"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/258616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=258616"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/258616\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/258617"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=258616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=258616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=258616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}