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Lehigh Valley home sales increase, prices drop in July

Lehigh Valley home sales increase, prices drop in July

In the local Realtors group's most recent report, July may have been a different month, but its figures painted a familiar picture of the Lehigh Valley's housing market. Closed sales increased last month for the second month in a row and inventory continued to decline, as it has every month this year. While the median sales price dropped about 3 percent in July — from $188,000 a year ago to $182,000 last month — it's only the second time the measure has declined this year. "We've had continued positive momentum now for several months," said Ryan Conrad, CEO of the Greater Lehigh Valley Realtors Association. "Certainly, summer cyclically is...

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