JANUARY HOME SALES DROPPED IN PENNSYLVANA REFLECTING LOWER INVENTORY

Key Facts

LEMOYNE, Pa., Feb. 15, 2022 /PRNewswire/ -- The number of home sales in Pennsylvania fell 29% in January compared to the previous month and are down about 4% compared to the same time last year, according to a report prepared for the Pennsylvania Association of Realtors®.
And the number of homes listed continues to be a challenge, falling nearly 6.6% in January 2022 compared to the previous month.
"As the number of homes on the market continues to fall, we're seeing fewer home sales," said PAR President Christopher Beadling.
The median home price in January was $190,381, up 10% over the same period last year, but down about 2% from December 2021.