"Realtor.com analysis gave Pennsylvania a total score of 48.3, placing it near the middle of the national rankings. The state's median listing price was $306,740 in 2024, paired with a median household income of $74,466. The Realtors Affordability Score came in at 0.82, suggesting that homes are more affordable than in most coastal states but less so than in the Midwest."
"On the construction front, Pennsylvania accounted for just 1.6% of national housing permits last year, despite making up 3.8% of the U.S. population. That leaves the state with a permit-to-population ratio of roughly 0.42-among the weakest in the nation. The new construction premium-the price difference between new and existing homes-was 89.9%, showing that new builds remain a luxury for most"
Pennsylvania earned a C grade and a 48.3 score, placing the state near the national middle. The median listing price was $306,740 in 2024 and median household income was $74,466, yielding a Realtors Affordability Score of 0.82. New construction lagged significantly, with Pennsylvania producing only 1.6% of national housing permits while representing 3.8% of the U.S. population, resulting in a weak permit-to-population ratio of about 0.42. The new construction premium was 89.9%, indicating new homes are substantially pricier than existing stock. National pressure exists to increase building and unlock vacant lots to ease supply constraints.
Read at SFGATE
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