Pennsylvania Home Prices Rise 3% YoY as Inventory Grows

Event summary

  • Pennsylvania's median home price rose 3% year-over-year to $287,500 in February 2026, and 8.5% month-over-month.
  • Housing inventory increased nearly 2% year-over-year to 33,971 listings, up 5.5% from January.
  • Home sales remained flat year-over-year at 6,759 but surged 48% from January.
  • PAR President David Dean attributed sales growth to milder winter temperatures.
  • PAR represents over 38,000 real estate professionals in Pennsylvania.

The big picture

Pennsylvania's housing market shows signs of stabilization with moderate price growth and inventory expansion. The 48% month-over-month sales surge suggests pent-up demand entering the spring season. This aligns with national trends of gradual market normalization following pandemic-era volatility. The state's 38,000-member realtor association plays a key role in facilitating these transactions.

What we're watching

Inventory Dynamics
Whether the 2% year-over-year inventory growth can sustain buyer demand...
Price Stability
How the 3% annual price increase compares to broader U.S. housing trends...
Seasonal Impact
The pace at which spring market activity accelerates Pennsylvania sales...