Pennsylvania

Market intelligence, compliance regulations, and licensing requirements with source and freshness context.

Closing Model

Title / Escrow

Contracts

Varies by transaction

Avg Timeline

~45 Days

Renewal

14 CE Hrs / 2 Yrs

Ask Trexia...

Ask about buying, investing, licensing, or valuing property in Pennsylvania.

Market Pulse

Median Home Price

$431,9991.7% YoY

vs. $435,540 previous

Days on Market

vs. 83 previous

Inventory

3.3 mos

vs. 4 mos previous

Status

Current

Review cadence: monthly

Data effective Apr 14, 2026

Economic Context

Macro Indicator	Current Value	Previous
Unemployment Rate	4.1%	—
Median Household Income	$76,081	—

Source: connector_state_baseline

Effective: Jul 24, 2026

Mortgage Climate

30-Year Fixed

Residential

6.73%

Source: seed

Updated: weekly

As of: Apr 9, 2026

15-Year Fixed

Residential

5.98%

Source: seed

Updated: weekly

As of: Apr 9, 2026

5/1 ARM

Residential

6.35%

Source: seed

Updated: weekly

As of: Apr 9, 2026

7/1 ARM

Residential

6.48%

Source: seed

Updated: weekly

As of: Apr 9, 2026

FHA

Residential

6.45%

Source: seed

Updated: weekly

As of: Apr 9, 2026

Residential

6.15%

Source: seed

Updated: weekly

As of: Apr 9, 2026

USDA

Residential

6.25%

Source: seed

Updated: weekly

As of: Apr 9, 2026

Jumbo

Residential

6.92%

Source: seed

Updated: weekly

As of: Apr 9, 2026

HELOC

Residential

8.5%

Source: seed

Updated: weekly

As of: Apr 9, 2026

Reverse Mortgage

Residential

6.99%

Source: seed

Updated: weekly

As of: Apr 9, 2026

Home Equity Loan

Residential

8.25%

Source: seed

Updated: weekly

As of: Apr 9, 2026

Renovation/203k

Residential

7.1%

Source: seed

Updated: weekly

As of: Apr 9, 2026

Non-QM

Residential

7.85%

Source: seed

Updated: weekly

As of: Apr 9, 2026

Hard Money (Residential)

Residential

11.5%

Source: seed

Updated: weekly

As of: Apr 9, 2026

Interest-Only

Residential

7.25%

Source: seed

Updated: weekly

As of: Apr 9, 2026

5/1 ARM

Residential

6.06%

Source: Freddie Mac PMMS ARM

Updated: weekly

As of: Nov 10, 2022

15-Year Fixed

Residential

6.6%

Source: Freddie Mac PMMS

Updated: weekly

As of: Oct 29, 2026

30-Year Fixed (Conforming)

Residential

7.13%

Source: Optimal Blue OBMMI

Updated: daily

As of: Nov 2, 2026

Jumbo 30-Year Fixed

Residential

7.048%

Source: Optimal Blue OBMMI

Updated: daily

As of: Nov 2, 2026

FHA 30-Year Fixed

Residential

6.959%

Source: Optimal Blue OBMMI

Updated: daily

As of: Nov 2, 2026

VA 30-Year Fixed

Residential

6.765%

Source: Optimal Blue OBMMI

Updated: daily

As of: Nov 2, 2026

Rate data effective Nov 2, 2026

Contract Practices

Asset Family	Contract Standardization	Disclosure Layer	Closing Model
Residential Lease Residential Leasing	Standardized forms	Landlord Tenant Disclosures, Fair Housing, Lead Based Paint If Applicable, Local Notice Requirements	Usually Broker/Landlord Operational Workflow, Not Title Closing
Manufactured / Modular Home Residential 1-4	Standardized forms	Real Vs Personal Property Status, Title/Serial Info, Community Rules, Property Condition	Attorney Or Title/Escrow Plus DMV/Title Agency Issues Where Applicable
Single-Family Detached Residential 1-4	Standardized forms	Property Condition, Agency/Disclosure Notice, Fair Housing, HOA If Applicable, Lead Based Paint If Applicable	Attorney Or Title/Escrow Depending On State/Local Practice
Condominium / Co-op Residential 1-4	Standardized forms	Association/Condo Docs, Budgets/Fees, Property Condition, Lead Based Paint If Applicable	Attorney Or Title/Escrow Depending On State/Local Practice
Townhome / PUD Residential 1-4	Standardized forms	HOA/PUD Docs, Assessments, Property Condition, Lead Based Paint If Applicable	Attorney Or Title/Escrow Depending On State/Local Practice
Duplex / Triplex / Fourplex Residential 1-4	Standardized forms	Property Condition, Rent Rolls, Existing Leases, Deposits, Fair Housing	Attorney Or Title/Escrow Depending On State/Local Practice
Apartment / Multifamily 5+ Multifamily	Custom (attorney required)	Tenant Estoppels, Service Contracts, Rent Roll, Regulatory/Affordable Housing Docs If Applicable	Attorney Or Title/Escrow Depending On State/Local Practice
Office Commercial	Custom (attorney required)	Tenant Leases, Estoppels, Service Contracts, Zoning/Use Diligence	Attorney Or Title/Escrow Depending On State/Local Practice
Retail Commercial	Custom (attorney required)	Tenant Estoppels, CAM Reconciliations, Use/Exclusive Provisions	Attorney Or Title/Escrow Depending On State/Local Practice
Industrial / Warehouse / Flex Commercial	Custom (attorney required)	Environmental Diligence, Dock/Yard Use, Access/Easements, Tenant Estoppels If Occupied	Attorney Or Title/Escrow Depending On State/Local Practice
Mixed-Use Commercial	Custom (attorney required)	Residential + Commercial Overlays, Tenant Estoppels, Association/Shared Area Docs	Attorney Or Title/Escrow Depending On State/Local Practice
Land / Development Site Land & Development	Standardized or custom	Survey, Title, Zoning/Entitlement, Access, Environmental, Mineral/Water Rights As Relevant	Attorney Or Title/Escrow Depending On State/Local Practice
Hospitality / Hotel / Motel / Resort Hospitality	Custom (attorney required)	Franchise/Management Agreements, Licenses, PIP/Brand Issues, Operational Contracts	Attorney Or Title/Escrow Depending On State/Local Practice
Self-Storage / Specialty Specialty Commercial	Custom (attorney required)	Operational Contracts, Licensing/Permit Docs Where Applicable, Environmental/Site Issues	Attorney Or Title/Escrow Depending On State/Local Practice
Farm / Ranch / Agricultural Land & Ag	Standardized or custom	Water/Mineral Rights, Access, Ag Valuation/Tax Status, Improvements/Equipment, Environmental/Flood	Attorney Or Title/Escrow Depending On State/Local Practice

Regulatory Updates

License Portability Enhancements

licensingBill: HB 887

Pennsylvania enacted reciprocity agreements with additional states, streamlining licensing for out-of-state agents. Reduces examination requirements for agents with active licenses in qualifying states.

Impact: low

Effective: Oct 1, 2025Read official bill text

Buyer Agency Disclosure Modernization

agencyBill: SREC Policy Statement 2025-01

Pennsylvania State Real Estate Commission updated buyer agency disclosure requirements to align with NAR settlement changes, requiring written buyer broker agreements specifying compensation terms before property showings.

Impact: high

Effective: Jul 1, 2025Read official bill text

Updated Seller Disclosure Statement

disclosureBill: SREC Order 2025-01

SREC updated the Seller Disclosure Statement to include new questions about prior flooding events, sewer lateral inspection status, broadband availability, and energy efficiency improvements. All agents must use the revised form for new listings.

Impact: medium

Effective: May 1, 2025Read official bill text

State Rules & Customary Notes

Disclosures

Seller Disclosure Law requires detailed property disclosure

Closing Logistics

Title company or attorney (attorney common in some areas)

Planning a purchase in Pennsylvania?

Calculate a privacy-safe preliminary property budget with our Property Budget Planner. Determine what you can comfortably afford before engaging an agent.

Start Budget Planner

Frequently asked questions

Does Pennsylvania require an attorney for real estate closings?

No. In Pennsylvania, closings are typically handled by title or escrow companies rather than attorneys. Title company or attorney (attorney common in some areas)

Does Pennsylvania use standardized real estate contract forms?

Pennsylvania does not mandate promulgated forms statewide; contract practices vary by transaction type. PAR standard forms

How many continuing-education hours do Pennsylvania real estate agents need?

Pennsylvania requires 14 continuing-education hours per 2-year renewal period, with a renewal fee of $96.00. Must include 3.5 hours mandatory topics

How long does closing take in Pennsylvania?

A typical Pennsylvania real estate closing takes about 45 days from contract to close, though financing, inspections, and title work can shift the timeline.

License Reciprocity

Check how a current license may apply in Pennsylvania or another destination.

I am currently licensed in

I want to practice in

Market News

Three Pa. real estate markets rank in nation’s top 10

Lehigh Valley Business•Oct 30

Governor Shapiro Calls for Reform to Protect Pennsylvanians Living in Manufactured Home Communities from Greedy Out-of-State Management Companies During Visit to Berks County Neighborhood

PA Department of Community & Economic Development (.gov)•Oct 30

Montco Careers — Montgomery County Community College

MONTCO.Today•Oct 28

Pa. Gov.'s Property Battle With Neighbors Gets Paused

Law360•Nov 4

Cleeman Realty Group closes $22.6 million off-market retail transaction in Pennsylvania

New York Real Estate Journal•Nov 3

National real estate brokerage enters Alabama market through partnership

AL.com•Oct 28

New rule costing some Western Pennsylvania home sellers thousands – and time

WPXI•Nov 2

News Briefs for October 30, 2026