Listen to this articleThe Lehigh Valley in February saw rising home prices, tight inventory, and economic uncertainty and these factors are shaping housing market conditions heading into the spring season according to the latest report from the Greater Lehigh Valley Realtors.
“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 closed sales increased 2.2% in February, coming in at 389 listings.
At the same time, inventory decreased 10% with 548 units available in Lehigh and Northampton counties.
Since inventory isn’t at a healthy balance between buyers and sellers, the median sales price increased 9.7% to $350,000.
The GLVR also noted that new listings were down 11.6% to 464.
Pending sales slipped 2.7% to 431.
While the percentage of list price received did drop by .3%, sellers are still getting above list price at 100.2%.
Meanwhile, homes sold, on average, in 31 days, which is seven days slower than the previous February.
In Carbon County, the median sale price increased to $256,500. Closed sales decreased to 25.
Pending sales held steady at 47.
New Listings dropped to 39.
Inventory was even at 144 units – an increase of one unit.
“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.”
