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| MARCH 2025 | |||
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| Units Sold 196 |
Active Inventory 330 |
Median Sale Price $349,950 |
Days On Market 37 |
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| Down -19% Vs. Year Ago |
Down -28% Vs. Year Ago |
Up 5% Vs. Year Ago |
Up 61% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in March, with 196 sold this month in Lehigh County Real Estate versus 204 last month, a decrease of 4%. This month's total units sold was lower than at this time last year, a decrease of 19% versus March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 128 units or 28%. The total number of active inventory this March was 330 compared to 458 in March 2024. This month's total of 330 is lower than the previous month's total supply of available inventory of 384, a decrease of 14%. |
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Median Sale Price
Last March, the median sale price for Lehigh County Homes was $333,000. This March, the median sale price was $349,950, an increase of 5% or $16,950 compared to last year. The current median sold price is 4% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 332 |
Current Contracts 320 |
Sold Vs. List Price 100.6% |
Months of Supply 1.7 |
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| Up 17% Vs. Year Ago |
Up 34% Vs. Year Ago |
No Change Vs. Year Ago |
Down -11% Vs. Year Ago |
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Months of Supply
In March, there was 1.7 months of supply available in Lehigh County, compared to 1.9 in March 2024. That is a decrease of 11% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 332 homes newly listed for sale in Lehigh County compared to 283 in March 2024, an increase of 17%. There were 320 current contracts pending sale this March compared to 239 a year ago. The number of current contracts is 34% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Lehigh County was 100.6% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 37, higher than the average last year, which was 23, an increase of 61%. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by GLVR and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of GLVR or Long & Foster Real Estate, Inc. |
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