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2024

Market Insights

Lehigh Valley

Latest Issue — FALL 2024 Report

A MESSAGE FROM OUR CEO

"Finally…Interest Rate Relief"

Welcome to Market Insights, a quarterly publication providing our perspective on the local real estate market. Interest rates have finally dropped, offering relief to those who have been waiting to buy or sell a home. When the Federal Reserve lowered its key rate by 0.5%, the real estate market responded. In this issue, we’ll examine the effects of these lower rates and weigh the pros and cons of buying or selling now versus waiting for potential further improvements in market conditions.

Larry Flick V

Chief Executive Officer

No

– By The Numbers –
Q3 2022 compared to Q3 2021

+2%
Home Sales
-18.23%
Number of Houses for Sale
-4.11%
Pending Sales
+17.6%
Average Sale Price