You’re not alone if you’re looking to buy a home in the Lehigh Valley.
Multiple offers, well over asking price, led to a new record median home price of $275,000 last month for Lehigh and Northampton counties.
That’s according to June data released this week by the Greater Lehigh Valley Realtors.
Up 18% compared to $233,000 in June 2020, the median sales price is the point at which half of the month’s sales sold for more and half sold for less, not accounting for seller concessions.
The two counties’ average home sales price rose to $313,192 in June, up 19.4% from $262,354 in June 2020. Looking back at historical data, that looks like a record, too, said Greater Lehigh Valley Realtors spokeswoman Mallory Siegfried.
“School’s out, and as vaccination rates rise and America re-enters the outside, the housing market continues along at a frenzied pace, with low interest rates and limited inventory fueling record high sales prices,” GLVR CEO…