Pennsylvania home sales fell roughly 10% in July, with about 11,700 closings statewide, down from 13,000 in June. The statewide median sale price eased 3% to $330,000 after setting an all-time high of $340,000 the month before.
The figures come from the Pennsylvania Association of Realtors’ monthly housing report. Compared with July 2025, closed sales were down about 4% while the median price was up 4.7%.
The month-over-month drop is the kind of move that looks alarming in isolation and ordinary in context. The year-over-year comparison is the one that carries information, and it says Pennsylvania is still a market where prices are rising into softening demand.
The July figures
Active listings statewide totaled 45,944, essentially flat from June and down 3.7% from a year earlier.
That last number is the important one. Nationally, inventory has been rebuilding for two years, restoring some leverage to buyers. Pennsylvania’s supply is still contracting. Fewer homes for sale than last summer, combined with a median price up nearly 5%, describes a market that has not yet loosened.
June’s $340,000 was the highest statewide median the association has recorded. July’s $330,000 gives back a portion of that, but leaves the median well above the $315,000 level implied by last July’s figure.
Seasonal or structural
The association reads the decline as ordinary summer behavior.
“The real estate market often sees a seasonal slowing of home sales in the summer, which is a normal part of the housing cycle,” said David Dean, the association’s 2026 president. The organization represents more than 38,000 members statewide.
What it means
Verified: the sales, price and listing counts as reported by the Pennsylvania Association of Realtors from its monthly housing data.
Attributed: the seasonal interpretation is the association’s.
RealtyWire analysis: the seasonal explanation is fair for the month-over-month move — July is reliably slower than June. It does not explain the 4% year-over-year decline in closings, which compares July to July and strips seasonality out entirely. Something beyond the calendar took roughly 500 transactions out of the month.
The likeliest candidate is affordability arithmetic. A median price up 4.7% against mortgage rates that have not come down means a Pennsylvania buyer needs a materially larger income this July than last to close the same house, and the state’s wage growth has not kept that pace.
What makes Pennsylvania different from the markets where inventory has rebuilt is that sellers here are not competing yet. With listings down 3.7% year over year, a seller who prices reasonably still faces limited competition, which is why the median held above where it stood a year ago even as volume fell.
The pattern is not uniform across states. RealtyWire reported that California sales pulled back in July as its median slipped below $900,000, and that Florida sales rose for an 11th straight month on tightening inventory. Whether a state is gaining or losing supply is currently doing more to explain its numbers than national rate moves are.
What to watch: whether Pennsylvania listings start growing year over year this fall, whether the median holds above $325,000 through the seasonal slowdown, and how the state’s closings compare in the September and October reports.
