LEMOYNE,
Pa., May 20, 2024 /PRNewswire/ -- The
Pennsylvania median home sales
price reached an all-time high last month, according to a
report prepared for the Pennsylvania Association of
Realtors®. The median home sales price vaulted to
$280,000 in April, up nearly 25% from
March and up 7.6% year over year.
"Pennsylvania continues to have
a strong real estate market," said PAR President Preston Moore. "We're seeing strong demand from
potential homebuyers, despite higher interest rates."
Home sales across the state jumped 11% in April compared to the
previous month and are up 6% from April
2023.
There were about 35,500 homes listed on the market in April, up
about 6% from March 2024. Listings
were down nearly 9% compared to the same time last year.
"In this ever-changing market, Realtors® help guide
homebuyers through the financial requirements of the transaction,
while helping them determine the correct offer for a property,"
Moore added. "Realtors® have expertise and knowledge
about the local housing market which can help buyers make informed
decisions during this process."
The Pennsylvania Association of
Realtors® is a trade/professional association
that serves more than 39,000 members in the commonwealth of
Pennsylvania.
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SOURCE Pennsylvania Association of Realtors