Closed Sales decreased 6.1% in September, according to Greater Lehigh Valley Realtors’ (GLVR) data reported in an Oct. 15 press release.

GLVR reported “continued growth in housing inventory in September, while closed sales declined and home prices remained higher than a year ago,” the press release stated.

“Inventory moving in the right direction is encouraging and gives buyers more options than they had a year ago,” said GLVR CEO Justin Porembo.

“At the same time, our market remains well below what would be considered a balanced supply. Continued inventory growth is important to easing competition, improving affordability and creating a healthier housing market over the long term,” Porembo said.

GLVR President Cliff Lewis said the September numbers reflect a market that remains competitive even as sales activity has slowed:

“Buyers may have a little more breathing room than they did a year ago, but well-priced homes are still moving quickly and sellers continue to hold a strong position in many parts of the market.

“That makes it especially important for buyers and sellers to understand what is happening in their specific price range and neighborhood and work with a Realtor who can help them navigate those conditions,” said Lewis.

September statistics

• Closed Sales decreased 6.1% to 580 sales.

• Inventory increased 10.8%, with 963 units available in Lehigh and Northampton counties.

• The Median Sales Price increased 6.8% to $375,000.

• New Listings decreased 6.9% to 723 listings.

• Pending Sales decreased 7.7% to 552 listings.

• Months Supply of Inventory was 1.8 months, an increase of 12.5%.

• Percentage of List Price Received grew 0.2 percent to 100.8 percent.

• Homes sold, on average, in 20 days, one day slower than the previous September.

Carbon County

In Carbon County, the Median Sales Price decreased to $245,000.

• Closed Sales totaled 65.

• Pending Sales were 59.

• New Listings were 77.

• Inventory was 170 units.

• Months Supply of Inventory was 3.1 months.

• Homes sold in an average of 27 days.

National view

Existing-home sales in the United States decreased 2.0% from the previous month and 1.2% from a year earlier to a seasonally-adjusted annual rate of 3.98 million, the first reading below 4 million since June 2025, according to the National Association of Realtors (NAR).

Sales held steady in the West and declined in the Northeast, Midwest and South.

Compared with a year earlier, sales were unchanged in the South and declined in the Northeast, Midwest and West.

Heading into September, there were 1.62 million homes listed for sale, up 3.2% from the previous month and 5.9% from a year earlier, the first time inventory has exceeded 1.6 million units since November 2019, NAR reported.

That represents a 4.9-month supply at the sales pace, up from 4.6 months a month earlier and the highest level in more than 10 years, according to NAR Chief Economist Lawrence Yun.

The median existing-home sales price rose 1.6% year-over-year to $429,100, marking 38 consecutive months of annual gains.

Year-to-date sales are up 1.6%.

The Federal Reserve raised its benchmark rate by a quarter point on

Sept. 16 to a range of 3.75% to 4%, its first increase since July 2023.

The 30-year fixed-rate mortgage moved above 7% in late September, up from an August average of 6.67%, according to Freddie Mac.

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