Even though closed sales of houses decreased for August in the Lehigh Valley, the median sales price increased.

Closed Sales decreased 8.1 percent in August, according to the Greater Lehigh Valley Realtors Association (GLVR).

The Median Sales Price increased 1.4 percent to $350,000, up from $345,000, stated the GLVR Report, released Sept. 16.

“Even with inventory levels remaining tight in August, we saw encouraging signs as pending sales rose nearly 5 percent and mortgage applications ticked up nationally when rates dipped,” said GLVR CEO Justin Porembo.

“Buyers are clearly watching the market closely and moving quickly when opportunities arise,” Porembo said in the GLVR press release.

“August’s numbers remind us that opportunity is still out there for both buyers and sellers,” said GLVR President Michael Bernadyn.

“When interest rates soften, motivated buyers move quickly, and that’s exactly what we’re seeing in pending sales,” Bernadyn said.

“Lehigh Valley Realtors can help clients make smart moves, even in a challenging market, providing deep knowledge of our local communities, trusted guidance, and professional insight to help buyers and sellers succeed,” said Bernadyn.

The price of a home in the Lehigh Valley had reached record highs two months in a row for 2025.

The median sales price reached a record high of $375,000 in July, surpassing the previous high of $370,000 set in June.

August statistics

Closed Sales decreased 8.1 percent, coming in at 592 listings.

Inventory decreased 13.0 percent with 767 units in August for Lehigh and Northampton counties.

The Median Sales Price increased 1.4 percent to $350,000, up from $345,000.

Other housing statistics for August include:

* New Listings decreased 4.6 percent to 705.

* Pending Sales increased 4.9 percent to 666.

* Months Supply of Inventory decreased 17.6 percent to 1.4 months.

* Percentage of List Price Received decreased 0.2 percent, but still came in above and beyond at 100.9 percent.

* Homes sold, on average, in 20 days, four days slower than the previous August.

Carbon County

The Median Sales Price increased to $265,900.

Closed Sales increased to 72.

Pending Sales decreased to 56.

New Listings decreased to 88.

Inventory decreased to 195 units.

Months Supply of Inventory decreased to 3.4 months.

Days on Market came in at 35 days.

National view

monthly indicators

Existing-home sales in the Unites States increased 2.0 percent month-over-month and 0.8 percent year-over-year to a seasonally adjusted annual rate of 4.01 million units, according to the National

Association of Realtors (NAR).

Economists polled by Reuters had forecast a rate of 3.92 million units.

Regionally, sales increased on a monthly basis in the West, South and Northeast, but declined in the Midwest.

Nationally, 1.55 million units were listed for sale heading into August, up 0.6 percent from the previous month and 15.7 percent higher than the same time last year, representing a 4.6-month supply at the sales pace, according to NAR. Inventory is now at its highest level since May 2020, a shift that has helped slow price growth in many markets.

As a result, the national median existing-home sales price edged up just 0.2 percent year-over-year to $422,400.

GLVR information

The Greater Lehigh Valley Realtors is a not-for-profit trade association representing more than 3,000 Realtors in Carbon, Lehigh and Northampton counties.

GLVR provides professional development and training resources, competitive market information, legislative advocacy, peer review and mediation processes for members, and a dispute resolution service for consumers.

GLVR owns and operates the Greater Lehigh Valley Multiple Listing Service and the Greater Lehigh Valley Real Estate Academy.

Realtors are distinguished from real estate licensees by subscribing to a strict code of ethics and standards of practice as defined by the National Association of Realtors.

Information: www.GreaterLehighValleyRealtors.com