Mid-Atlantic Home Prices Rise to $450,999 as July Pending Sales Fall 2.3%
Updated
Updated · Yahoo Finance UK · Aug 11
Mid-Atlantic Home Prices Rise to $450,999 as July Pending Sales Fall 2.3%
2 articles · Updated · Yahoo Finance UK · Aug 11
Summary
Closed sales totaled 21,407 in July, down from June but still 4.0% above a year earlier across the Mid-Atlantic, according to Bright MLS.
20,366 new pending sales and 367,636 showings both fell from July 2025, signaling discretionary buyers are pulling back as higher mortgage rates and prices bite.
$450,999 was the region’s median sold price, up 2.5% year over year, with Bright MLS saying higher-income, transaction-ready buyers continued to support upper-end sales.
24,491 new listings pushed active inventory to 51,811 homes—12.7% above last year—easing some supply pressure even as affordability remains a constraint.
Philadelphia mirrored the pattern: closed sales rose 6.1% from a year ago, but pending sales fell 4.0% and the median price held at a record $430,000.