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April 12, 2024 7:26 am

Local News

National House Prices See Slight Rise as PA House Prices Drop

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Staff Writer

Recent data from Redfin shows that the U.S. median sale price in February was $386,527 which is up about $4,000 from January. Even with this slight rise, the rate at which house prices continue to rise has slowed and list prices could drop as soon as this summer. 

In Pennsylvania, the average house price was $244,500 in February which is roughly a $5,000 decrease from January and on par with prices a year ago.

As prices decrease, it may be a good time for potential home buyers to look out for their future home.