According to a recent report, Pennsylvania’s housing market experienced a decline in home sales of 7.2% compared to the previous year. The median price for homes in the state also saw a decrease, dropping to $213,699 from $218,380 in November. Despite the decrease, prices overall were still up by 9% compared to December 2022. These findings highlight the challenges faced by the Pennsylvania housing market, as the industry grapples with shifting trends and economic conditions.
Key Points:
– Pennsylvania’s housing market witnessed a 7.2% drop in home sales compared to the previous year.
– The median home price in the state decreased to $213,699 from $218,380 in November.
– Prices in December 2024 were still 9% higher than in December 2022.
– The report suggests ongoing challenges and changes in the Pennsylvania housing market.
You can read this full article at: https://wrenews.com/pennsylvania-home-sales-down-7-2-from-last-year/
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