Pennsylvania Realtors® Anticipate Increased Homebuying Interest as Mortgage Rates Shift

LEMOYNE, Pa., Sept. 22, 2025 /PRNewswire/ -- The median home sales price rose 6.4% in August compared to the same time last year, according to a report prepared for the Pennsylvania Association of Realtors®.

In August, the median home sales price was $319,250, up from $300,000 in August 2024. The median price remained about the same compared to the previous month this year.

The real estate industry looks for mortgage rate declines with the recent announcement of the Federal Reserve cutting rates.

"When the Federal Reserve adjusts interest rates, it can directly influence mortgage costs. Even small shifts can affect a buyer's monthly payment, making affordability a key factor in today's housing decisions," said Bill Lublin, PAR president and CEO of Century 21 Advantage Gold in the Philadelphia region. "A trusted Realtor® and lender can help navigate the shifts, ensuring clients make confident decisions about their homebuying process."

Home listing levels continue to climb, hitting 41,497 last month, which is up nearly 7% year-over-year. Inventory levels were down by about 2% from July to August this year.

Home sales were consistent year-over-year at 11,470 in August.

"With both prices and inventory holding steady, Pennsylvania's housing market is showing a welcome sense of stability for buyers and sellers alike," said Lublin. "When prices and inventory remain stable, it gives buyers and sellers the confidence to make their next move."

The Pennsylvania Association of Realtors® is a trade/professional association that serves more than 38,000 members in the commonwealth of Pennsylvania. 

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SOURCE Pennsylvania Association of Realtors(R)