Home prices in the Lehigh Valley remained stable in August following consecutive record highs, while buyer activity persisted despite limited housing inventory, according to new market data.

The median sales price in Lehigh and Northampton counties rose 1.4% to $350,000, up from $345,000, the Greater Lehigh Valley Realtors reported. Despite the price increase, buyers continued to engage with the market as pending sales improved 4.9% to 666 transactions.

“Even with inventory levels remaining tight in August, we saw encouraging signs as pending sales rose nearly 5% and mortgage applications ticked up nationally when rates dipped,” said GLVR CEO Justin Porembo. “Buyers are clearly watching the market closely and moving quickly when opportunities arise.”

Market activity showed mixed resul

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