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Market Updates for Viewing / Download

May 8, 2024

Allentown-Bethlehem-Easton Home Prices Increased in First Quarter of 2024

Home prices in the Allentown-Bethlehem-Easton metropolitan area rose in the first quarter of 2024 as the 30-year fixed mortgage rate ranged from 6.60% to 6.94%, according to the National Association of Realtors®’ (NAR) latest quarterly report. Compared to one year…
March 2024 Market Update Graphic
April 12, 2024

Homes in March Sold, On Average, for $335,000 — a Tie for Highest Recorded in the Lehigh Valley 

The Greater Lehigh Valley REALTORS® (GLVR) reported March data showed homes selling quickly and at above asking price as the spring real estate market officially kicked off. GLVR Members: Click HERE to view the full Market Update report for March 2024. “A…
February 2024 Market Update Graphic
March 12, 2024

February Data: Increase in Listings, Dip in Mortgage Rates Signal Opportunity for Buyers and Sellers

The Greater Lehigh Valley REALTORS® (GLVR) reported February data showed a more stimulated real estate market as sellers see opportunity in the New Year and in the upcoming spring market. GLVR Members: Click HERE to view the full Market Update report for…
January 2024 Market Update Graphic
February 15, 2024

LV Real Estate Takes a Tepid Turn in January Amidst Snowy Weather, Market Fluctuations

The Greater Lehigh Valley REALTORS® (GLVR) reported January data showed a tepid real estate market as a real, snowy winter hits the region and consumers wrap their heads around a roller coaster market. GLVR Members: Click HERE to view the full Market…
Greater Lehigh Valley REALTORS® Release 2023 Annual Report Image
February 12, 2024

Greater Lehigh Valley REALTORS® Release 2023 Annual Report

As the premier source of real estate information in the Lehigh Valley and its surrounding communities, the Greater Lehigh Valley REALTORS® (GLVR) is pleased to provide an in-depth report on the 2023 local housing market. Highlights of the report include: SALES: Pending sales…
December Market Update Graphic
January 12, 2024

Lehigh Valley Pending Sales Increase for First Time in 22 Months

The Greater Lehigh Valley REALTORS® (GLVR) reported December data showed homebuyer demand is picking up – with the first increase in pending sales since February 2022 – but without a significant increase in supply, experts believe home prices will likely…
November 2023 Market Update Graphic
December 14, 2023

Lehigh Valley Home Prices Continue to Rise, but Dipping Interest Rates Re-opening Door to Buyers

The Greater Lehigh Valley REALTORS® (GLVR) reported November data showed low inventory, elevated sales prices, and decades-high interest rates continuing to weigh on the housing market – with the added seasonal slowdown not seen in recent years when the pandemic-induced…
October 2023 Market Update Graphic
November 14, 2023

October Data: Homes Selling in 18 Days as Inventory Slips to 643 Units

The Greater Lehigh Valley REALTORS® (GLVR) reported October data showed purchase activity down compared to this time last year due to rising interest rates keeping many current homeowners from selling, causing inventory to remain at historically low levels nationwide. GLVR…
September 2023 Market Update Graphic
October 16, 2023

Home Sales Fall 31.9% as Mortgage Rates Keep Climbing

The Greater Lehigh Valley REALTORS® (GLVR) reported September data showed homes sales falling 31.9 percent as would-be borrowers and sellers become increasingly sensitive to fluctuations in mortgage rates, which have remained above 7 percent since mid-August. GLVR Members: Click HERE to view…
August 2023 Market Update Graphic
September 13, 2023

August Data: Housing Market Needs Construction, Mortgage Rate Movement

The Greater Lehigh Valley REALTORS® (GLVR) reported August data showed the shortage of homes for sale has boosted competition for available properties and is driving sales prices higher, with the Median Sales Price for August ($331,750) just missing the local…