Pennsylvania Realtors Back Shapiro's Housing Plan Amid 40% Inventory Drop

Event summary

  • Pennsylvania Association of Realtors® (PAR) endorses Gov. Shapiro's Housing Action Plan addressing state's housing inventory crisis.
  • Statewide housing inventory declined 40% from 2019 to 2025, with gradual improvement in 2025.
  • PAR highlights inventory shortfall as key driver of affordability and accessibility challenges.
  • PAR President David Dean and CEO Mike McGee emphasize bipartisan collaboration needed for solutions.

The big picture

Pennsylvania's housing market faces severe inventory constraints, with a 40% drop in listings since 2019. Gov. Shapiro's Housing Action Plan, backed by PAR, signals a strategic shift toward addressing affordability and accessibility issues through cross-sector collaboration. The state's real estate sector, representing over 38,000 members, will be closely watching the plan's implementation and its impact on market dynamics.

What we're watching

Policy Execution
How effectively Gov. Shapiro's Housing Action Plan will address Pennsylvania's housing inventory challenges.
Bipartisan Cooperation
Whether the governor, legislature, and industry stakeholders can sustain collaborative efforts to solve housing issues.
Market Recovery
The pace at which Pennsylvania's housing inventory will rebound from its 40% decline since 2019.