Lehigh Valley Housing Market Continues To Rebound

The Lehigh Valley housing market continued to rebound in April, with sales and prices up from a year ago.

A total of 466 homes sold in April in Lehigh and Northampton counties, up 24.9 percent from the same month a year ago, according to the Prudential Patt, White Real Estate HomExpert Market Report. The median sale price was $170,000, up 6.3 percent from a year ago and up 8.4 percent from the median sale price in March.

April was the tenth consecutive month of year-to-year sales increases and it was the second straight month of price increases. If the sales pace and price trends holds, it will mean the local housing market bottomed out last year.

Read more: http://www.mcall.com/business/mc-home-sales-april-20120521,0,518533.story

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