Year-to-date closed sales during the month of November reached 6,153, an increase of 14.8 percent over the 5,361 sold during the same time in 2012.

During November 2013, year-to-date pending sales reached 6,599, a steady increase of 17.6 percent from 2012 year-to-date pending sales of 5,611.

Monthly comparisons showed pending sales, sales under contract that have not yet closed, escalated 43.5 percent over last year at the same time.

The average sales price during the month of November 2013 increased 8.2 percent to $197,784 from $182,848 in November 2012.

The supply of inventory dropped 16 percent to 6.3 months as compared 7.5 months the same time last year, improving the absorption rate.

"We have seen positive trends in the housing market over the past few years which indicate that the Lehigh Valley housing market is stabilizing," said Ryan Conrad, CEO of LVAR.

"There has been a steady increase in closed sales with typical seasonal fluctuations, since the market hit a low point in early 2009.

"Historically, home buying and selling activities slow down during the holiday season as families spend more time together," said Conrad.

"Our Realtor members are looking forward to continued growth in the housing market in 2014," Conrad said.

Data was gathered from more than 2,000 members of LVAR and analyzed with monthly and year-to-date comparisons.

Access to data is at the consumer section of LVAR.org .