Closed Sales increased 2.2 percent.

Inventory of units decreased 10.0 percent.

The Median Sales Price increased 9.7 percent to $350,000.

These are three of the takeaways from The Greater Lehigh Valley Realtors (GLVR) February report.

February housing data shows strong prices despite market uncertainty as rising home prices, tight inventory and economic uncertainty are shaping housing market conditions, stated the GLVR report, released March 13.

“As consumers navigate inflation, rising costs and shifts in government policy, many are pausing to assess their next steps amid economic adjustments,” said GLVR CEO Justin Porembo.

“We are optimistic that as we enter the spring market, economic stability will improve,” Porembo said.

“Real estate has consistently proven to be a reliable asset, even in uncertain times,” said 2025 GLVR President Michael Bernadyn.

“We’re seeing continued strong home values because buyers recognize the long-term benefits of homeownership, and sellers are still in a strong position due to low housing supply,” Bernadyn said.

“With the support of a Realtor, consumers can expect expert understanding of the market and a purchase/sale at the price and terms they want and/or need,” said Bernadyn.

Closed Sales increased 2.2 percent, coming in at 369 listings.

Inventory decreased 10.0 percent with 548 units in February for Lehigh and Northampton counties.

With inventory not at a healthy balance between buyers and sellers, according to the GLVR report, the Median Sales Price increased 9.7 percent to $350,000.

February statistics

* New Listings decreased 11.6 percent to 464.

* Pending Sales decreased 2.7 percent to 431.

* Months Supply of Inventory decreased 16.7 percent to 1.0 months.

* Percentage of List Price Received decreased 0.3 percent, but still came in above and beyond at 100.2 percent.

* Homes sold, on average, in 31 days, seven days slower than the previous February.

Carbon County

The Median Sales Price increased to $256,500.

Closed Sales decreased to 25.

Pending Sales were largely steady, coming in at 47, which was decrease of two.

New Listings decreased to 39.

Inventory was even at 144 units, an increase of one unit.

Months Supply of Inventory remained at 2.6 months.

Days on Market came in at 50 days.

National View

U.S. existing-home sales in the United States fell for the first time since September 2024, decreasing 4.9 percent month-over-month to a seasonally adjusted annual rate of 4.08 million units, according to the National Association of Realtors (NAR).

Elevated home prices and higher interest rates continue to impact buyer activity, according to NAR.

Despite the drop, sales were up 2 percent, compared to the same period last year, marking the fourth consecutive monthly year-over-year increase.

The limited number of properties for sale has continued to push home prices higher

nationwide. At last measure, the national median existing-home price was $396,900, a 4.8 percent increase from one year earlier. Prices increased in all four regions, according to NAR.

Total housing inventory heading into February stood at 1.18 million units, up 3.5 percent month-over-month and 16.8 percent year-over-year, for a 3.5-month

supply at the sales pace

GLVR information

The Greater Lehigh Valley Realtors is a not-for-profit trade association representing more than 3,000 Realtors in Carbon, Lehigh and Northampton counties.

The association 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.

The Association owns and operates the Greater Lehigh Valley Multiple Listing Service and the Greater Lehigh Valley Real Estate Academy.

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.

Information: www.GreaterLehighValleyRealtors.com