Pennsylvania Home Sales, Prices Fall
What happened
The Pennsylvania housing market experienced a drop in both home sales and prices in January, a trend attributed to heavy snow and cold temperatures. The data, prepared for the Pennsylvania Association of Realtors®, indicates a slowdown in market activity at the start of the year for the state.
Why it matters
- Home sales in Pennsylvania plummeted to 4,560 in January, marking a 45% decrease from December 2025 and a nearly 36% drop compared to the previous year. - The median sales price for a home in the state fell to $265,000 in January, a decline of approximately 8.5% from the month prior and a 3.7% decrease year-over-year. - David Dean, the 2026 President of the Pennsylvania Association of Realtors®, stated that severe weather was a significant factor, delaying showings, slowing construction, and discouraging buyers. - Despite the slowdown in sales, the number of homes listed for sale in January saw a slight increase of just over 5% from December 2025, reaching 32,212 listings. - This cooling trend in Pennsylvania aligns with broader national patterns of a more measured real estate market pace compared to previous years. - While the statewide market saw a dip, the Philadelphia and Delaware County area experienced a different trend, with median sale prices increasing by just over 10% to $294,125 in the four weeks ending January 25th, even as sales activity slowed. - In contrast to the monthly decline, the average home value in Pennsylvania was up 2.5% over the past year as of January 31, 2026. - Some regional markets within the state showed different dynamics; for instance, Lebanon County saw a 4.3% increase in median sold price year-over-year in January, while Cumberland County saw a 9.8% decrease.
Key numbers
- - Home sales in Pennsylvania plummeted to 4,560 in January, marking a 45% decrease from December 2025 and a nearly 36% drop compared to the previous year.
- The median sales price for a home in the state fell to $265,000 in January, a decline of approximately 8.5% from the month prior and a 3.7% decrease year-over-year.
- David Dean, the 2026 President of the Pennsylvania Association of Realtors®, stated that severe weather was a significant factor, delaying showings, slowing construction, and discouraging buyers.
- Despite the slowdown in sales, the number of homes listed for sale in January saw a slight increase of just over 5% from December 2025, reaching 32,212 listings.
Quick answers
What happened in Pennsylvania Home Sales, Prices Fall?
The Pennsylvania housing market experienced a drop in both home sales and prices in January, a trend attributed to heavy snow and cold temperatures. The data, prepared for the Pennsylvania Association of Realtors®, indicates a slowdown in market activity at the start of the year for the state.
Why does Pennsylvania Home Sales, Prices Fall matter?
Home sales in Pennsylvania plummeted to 4,560 in January, marking a 45% decrease from December 2025 and a nearly 36% drop compared to the previous year. The median sales price for a home in the state fell to $265,000 in January, a decline of approximately 8.5% from the month prior and a 3.7% decrease year-over-year. David Dean, the 2026 President of the Pennsylvania Association of Realtors®, stated that severe weather was a significant factor, delaying showings, slowing construction, and discouraging buyers. Despite the slowdown in sales, the number of homes listed for sale in January saw a slight increase of just over 5% from December 2025, reaching 32,212 listings. This cooling trend in Pennsylvania aligns with broader national patterns of a more measured real estate market pace compared to previous years. While the statewide market saw a dip, the Philadelphia and Delaware County area experienced a different trend, with median sale prices increasing by just over 10% to $294,125 in the four weeks ending January 25th, even as sales activity slowed. In contrast to the monthly decline, the average home value in Pennsylvania was up 2.5% over the past year as of January 31, 2026. Some regional markets within the state showed different dynamics; for instance, Lebanon County saw a 4.3% increase in median sold price year-over-year in January, while Cumberland County saw a 9.8% decrease.
