Skip To Content
Published on March 13, 2026

The Greater Lehigh Valley REALTORS® (GLVR) reported February housing data reflects lower mortgage rates, rising wages, and slower price growth, are offering improving conditions for prospective home buyers.

GLVR Members: Click HERE to view the full Market Update report for February 2026.

“Despite improvement in housing affordability, the U.S. existing-home sales supply remains below prepandemic levels,” said GLVR CEO Justin Porembo. “Until inventory improves, many buyers will continue to face limited choices, though easing mortgage rates and wage growth are beginning to create more favorable conditions for entering the market.”

February Stats

Closed Sales decreased 15.7 percent, coming in at 334 listings. Inventory declined 8.9 percent, with 550 units available in February across Lehigh and Northampton counties. The Median Sales Price slipped 4.7 percent to $333,500, down from $349,900.

Other notable housing statistics for February include:

  • New Listings declined 10.8 percent to 421 listings.
  • Pending Sales were largely steady, losing six listings compared to last February (412 vs. 406).
  • Months Supply of Inventory came in at 1.0 months.
  • Percentage of List Price Received dropped to 99.5 percent, a change of 0.7 percent.
  • Homes sold, on average, in 33 days, one day slower than the previous February.

In Carbon County, the Median Sales Price decreased to $219,100. Most housing statistics for Carbon were largely steady. Closed Sales grew by three listings to end the month at 31, Pending Sales increased by 10 listings (53 vs. 43), and New Listings decreased to 37, a change of six listings. Inventory fell to 109 units, resulting in a Months Supply of Inventory of 1.9 months. Homes sold in an average of 58 days.

“Market conditions are beginning to shift in ways that may encourage more buyers to re-engage with the housing market – and we need sellers to do the same,” said GLVR President Cliff Lewis. “As economic conditions continue to evolve and we approach the traditionally busy spring market, understanding how changes in mortgage rates, inventory, and pricing affect opportunities locally are where working with a REALTOR® becomes especially valuable.”

Porembo added, “While winter months can often produce softer housing numbers, the Lehigh Valley continues to stand out as a relatively affordable place to live compared to much of the Northeast. With the regional median home price at $333,500 compared to $479,800 across the Northeast, our market still offers meaningful opportunity for buyers and sellers alike. As we move toward the spring market, the Lehigh Valley remains a unique region with strong demand, economic growth, and long-term housing potential.”