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Published on April 14, 2025

The Greater Lehigh Valley REALTORS® (GLVR) reported March data showed modest figures for Closed Sales and Inventory, but encouraging gains in New Listings and Pending Sales point to a potentially stronger housing market ahead.

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

“Less volatility in mortgage rates – which have settled in the mid-to-high 6% range – may be helping home buyers feel more comfortable planning ahead for a purchase,” said GLVR CEO Justin Porembo. “The Lehigh Valley is showing early signs of renewed activity, with Pending Sales – properties under contract – jumping 20.2 percent in March and New Listings rising 8.5 percent, suggesting growing confidence among both buyers and sellers.”

March Stats

As previously noted, March was a mixed bag of results. Closed Sales decreased 7.8 percent, coming in at 415 listings. Inventory decreased 14.4 percent – there were 523 units in March for Lehigh and Northampton counties. The Median Sales Price increased 4.3 percent to $350,000.

Other notable housing statistics for March include:

  • New Listings increased 8.5 percent to 624.
  • Pending Sales jumped 20.2 percent to 600.
  • Months Supply of Inventory dropped 16.7 percent to 1.0 months.
  • Percentage of List Price Received slid 1.0 percent, coming in perfectly at 100.0 percent.
  • Homes sold, on average, in 31 days, eight days slower than the previous March.

In Carbon County, the Median Sales Price was largely steady at $250,000. Closed Sales slid just three listings to 49. Pending Sales increased to 59. New Listings improved to 73. Inventory was even at 144 units – an increase of one unit – leading to a Months Supply of Inventory that remained at 2.6 months. Days on Market came in at 55 days.

“While challenges like limited inventory and affordability concerns remain, the recent increase in new and pending listings is a clear sign that momentum is building,” said GLVR President Michael Bernadyn. “As we move deeper into the spring market, both buyers and sellers are finding new opportunities to engage – laying the groundwork for a more active season ahead. In a market this dynamic, working with a REALTOR® is essential to navigate the process with confidence and success.”