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Published on February 13, 2025

The Greater Lehigh Valley REALTORS® (GLVR) reported January data showed a strong start to the year, with increased sales and steady buyer demand pushing against the usual seasonal slowdown, despite ongoing inventory challenges.

GLVR Members: Click HERE to view the full Market Update report for January 2025.

“While we’re seeing positive momentum with an increase in closed and pending sales, the persistent challenge of limited inventory continues to drive up prices in our market – and nationwide,” said GLVR CEO Justin Porembo. “With just a one-month supply of inventory in Lehigh and Northampton counties, we are far from a balanced market. This underscores the need for policies that encourage housing development and affordability. GLVR is actively engaged in these discussions, including our recent participation in the Lehigh Valley Housing Supply and Availability Strategy event, where we joined regional experts and policymakers to explore tangible solutions to improve inventory and affordability for all homebuyers.”

January Stats

Closed Sales increased 7.0 percent, coming in at 396 listings. Inventory decreased 3.1 percent – there were 554 units in January for Lehigh and Northampton counties. With inventory not yet at a healthy balance between buyers and sellers, the Median Sales Price increased 8.6 percent to $315,000.

Other notable housing statistics for January include:

  • New Listings increased 0.4 percent to 481.
  • Pending Sales were up 12.8 percent to 459.
  • Months Supply of Inventory decreased 9.1 percent to 1.0 months.
  • Percentage of List Price Received slipped 0.6 percent to 99.5 percent.
  • Homes sold, on average, in 25 days, four days slower than the previous January.

In Carbon County, the Median Sales Price increased to $245,000. Closed Sales improved to 45. Pending Sales slipped to 43. New Listings dropped six listings to 59. Inventory saw a bump with 157 units, leading to a Months Supply of Inventory that increased to 2.8 months. Days on Market came in at 57 days.

“The real estate market in the Greater Lehigh Valley remains competitive, with homes selling at near full asking price and in just 25 days on average,” said GLVR President Michael Bernadyn. “While it’s encouraging to see steady buyer demand and an uptick in new listings, affordability remains a key concern. That’s why GLVR is committed to being part of the solution. Our participation in the Lehigh Valley housing crisis event reflects our dedication to working with community leaders to address supply shortages and to advocate for policies that create more opportunities for homeownership.”