The Greater Lehigh Valley Realtors (GLVR) reported another record-setting month for home prices in July, with the Median Sales Price reaching a new high of $389,500.<\/p>\n
The latest milestone, one month after June\u2019s previous record of $385,000, \u201ccontinues to reflect the price pressure created by steady buyer demand and a persistently limited supply of homes,\u201d according to an Aug. 14 GLVR press release.<\/p>\n
The Median Sales Price increased 3.9 percent to a record $389,500, up from $375,000 in July 2025.<\/p>\n
Closed Sales decreased 0.8 percent to 693 sales, a difference of five sales.<\/p>\n
\u201cReaching another record Median Sales Price just one month after setting the previous high shows how much competition remains in our local housing market,\u201d said GLVR CEO Justin Porembo.<\/p>\n
\u201cBuyers are still active, but the number of homes available continues to be a major factor in affordability. Increasing housing supply remains critical to giving buyers more options and creating a healthier, more balanced market,\u201d Porembo said.<\/p>\n
\u201cLocally, homes continued to move quickly in July, selling in an average of just 17 days compared with a national median of 28 days,\u201d said GLVR President Cliff Lewis.<\/p>\n
\u201cAt the same time, Pending Sales increased 8.1 percent, showing that buyers remain engaged despite record prices and limited inventory,\u201d Lewis said.<\/p>\n
\u201cWith first-time buyers accounting for 33 percent of home purchases nationally, increasing housing options at a variety of price points remains especially important for those trying to enter the market,\u201d said Lewis.<\/p>\n
Lewis said that July\u2019s market continued to reward sellers whose homes were positioned well.<\/p>\n
\u201cWhile every transaction and property is different, sellers received an average of 101.4 percent of list price in July,\u201d Lewis said. \u201cThat\u2019s a strong indication of the competition that continues for desirable, appropriately priced homes. For buyers and sellers alike, understanding local market conditions, being prepared from the start, and working with a Realtor can make a meaningful difference.\u201d<\/p>\n
\u200aJuly Statistics<\/p>\n
* Inventory decreased 4.8 percent, with 870 units available in Lehigh and Northampton counties.<\/p>\n
* New Listings increased 3.4 percent to 832 listings.<\/p>\n
* Pending Sales increased 8.1 percent to 642 listings.<\/p>\n
* Months Supply of Inventory decreased 5.9 percent to 1.6 months.<\/p>\n
* Percentage of List Price Received was largely steady: 101.4 percent in July 2026 compared to 101.6 percent in July 2026.<\/p>\n
* Homes sold, on average, in 17 days, the same number of days as the previous July.<\/p>\n
Carbon County<\/p>\n
* In Carbon County, the Median Sales Price decreased to $239,500.<\/p>\n
* Closed Sales totaled 57.<\/p>\n
* Pending Sales were 53.<\/p>\n
* New Listings were 81.<\/p>\n
* Inventory was 166 units.<\/p>\n
* Months Supply of Inventory was 3.0 months.<\/p>\n
* Homes sold in an average of 30 days.<\/p>\n
National View<\/p>\n
Existing-home sales in the United States declined 2.4% from the previous month to a seasonally adjusted annual rate of 4.09 million units, according to the National Association of Realtors (NAR).<\/p>\n
Regionally, sales increased in the Northeast but declined in the West, South and Midwest.<\/p>\n
Compared to a year earlier, existing-home sales rose 2.8%, with gains in the Midwest, South and West while remaining unchanged in the Northeast.<\/p>\n
Nationally, the median existing-home price hit a new record of $440,600, a 1.8% increase from a year earlier, NAR reported.<\/p>\n
Home prices have now increased on an annual basis for 36 consecutive months, reflecting continued demand despite inventory remaining below historically balanced levels.<\/p>\n
Heading into July, there were 1.56 million properties for sale, down 0.6% month-over-month but up 1.3% from the same period last year, representing a 4.6-month supply at the sales pace.<\/p>\n
Homes spent a median of 28 days on the market, with first-time home buyers accounting for 33% of home purchases.<\/p>\n
GLVR information<\/p>\n
The Greater Lehigh Valley Realtors is a not-for-profit trade association representing more than 3,000 Realtors in Carbon, Lehigh and Northampton counties.<\/p>\n
GLVR provides professional development and training resources, competitive market information, legislative advocacy, peer review and mediation processes for members, and a dispute resolution service for consumers.<\/p>\n
GLVR owns and operates the Greater Lehigh Valley Multiple Listing Service and the Greater Lehigh Valley Real Estate Academy.<\/p>\n
Realtors are distinguished from real estate licensees by subscribing to a strict code of ethics and standards of practice as defined by the National Association of Realtors.<\/p>\n
Information: www.GreaterLehighValleyRealtors.com<\/p>\n
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