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Market Updates for Viewing / Download

July 2023 Market Update Graphic
August 11, 2023

With Mortgage Rates Approaching 7%, Lehigh Valley Homes Sales Slip 32.6% in July

The Greater Lehigh Valley REALTORS® (GLVR) reported July data showed affordability constraints have continued to limit homebuying activity this summer. GLVR Members: Click HERE to view the full Market Update report for July 2023. “Mortgage rates have approached 7 percent in recent…
June 2023 Market Update Graphic
July 13, 2023

New Listings Drop 30.8% in June as Sellers Hold on to Lower Interest Rates

The Greater Lehigh Valley REALTORS® (GLVR) reported June data showed temperatures heating up, yet the housing market remains cooler than usual for this time of year due to a combination of low inventory and higher borrowing costs, which have restricted…
May 2023 Market Update Graphic
June 13, 2023

May Data: Closed Sales Dip 22.0 Percent, Inventory Shortage to Blame

The Greater Lehigh Valley REALTORS® (GLVR) reported May data showed the normally busy spring selling season stymied by inventory and higher interest rates impacting buyer affordability. GLVR Members: Click HERE to view the full Market Update report for May 2023. “While fluctuating…
April 2023 Market Update Graphic
May 11, 2023

New Listings Slip 36.5% in April as Lehigh Valley Struggles for Housing Inventory

The Greater Lehigh Valley REALTORS® (GLVR) reported April data showed the first full month of the spring selling season fighting a war against low inventory, rising housing prices and interest rates, and a wave of buyers who want to get…
March 2023 Market Update Graphic
April 12, 2023

March Data Shows Tempered Start to Spring Real Estate Market

The Greater Lehigh Valley REALTORS® (GLVR) reported March data showed the month that rings in spring did not bring in a wave of intense real estate activity. GLVR Members: Click HERE to view the full Market Update report for March 2023. “Real…
February 2023 Market Update Graphic
March 13, 2023

February Data: Sales Incentives Return as Mortgage Rates Keep Buyers Cautious

The Greater Lehigh Valley REALTORS® (GLVR) reported February data showed that the slight decline in mortgage rates earlier this year convinced some buyers to come off the sidelines, but with rates ticking up again in recent weeks, others are once…
January 2023 Market Update Graphic
February 14, 2023

LV Real Estate: Inventory, Prices Trend Upward in January

The Greater Lehigh Valley REALTORS® (GLVR) reported January data showed the year in a state of rebalance, with many buyers and sellers remaining cautious while they wait to see where the real estate market is headed. GLVR Members: Click HERE to view…
February 9, 2023

Greater Lehigh Valley REALTORS® Release 2022 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 2022 local housing market. Highlights of the report include: SALES: Pending sales…
December 2022 Market Update Graphic
January 12, 2023

New Listings Slip 18.6% in December as Sellers Await Better Rates

The Greater Lehigh Valley REALTORS® (GLVR) reported December data showed higher mortgage rates impacting prospective sellers, many of whom have locked in historically low rates and are now choosing to wait until market conditions improve before selling their home. GLVR…
November Data: Housing Affordability Dials Back Lehigh Valley Market Activity Image
December 13, 2022

November Data: Housing Affordability Dials Back Lehigh Valley Market Activity

The Greater Lehigh Valley REALTORS® (GLVR) reported November data showed housing affordability continuing to be a major roadblock for market participants, with mortgage rates more than double compared to this time last year. GLVR Members: Click HERE to view the full Market…