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Buyers on budget are rushing to this hidden PA lake city
New York Post • • business
Key Points:
- Erie, Pennsylvania, has surged to No. 2 on Realtor.com’s June 2026 list of hottest housing markets, jumping 12 spots in the past year due to its affordability and rapid home sales.
- The median home price in Erie is $239,000, significantly below the national median by about $200,000, making it the second-cheapest market in the top 20.
- Homes in Erie are selling in an average of 29 days, matching the pace of Hartford, Connecticut, and much faster than the national average of 53 days.
- A severe shortage of housing inventory, down 74% from pre-pandemic levels, is intensifying demand and driving the market’s competitiveness.
- Erie’s appeal is enhanced by its proximity to major cities like Cleveland, Pittsburgh, and Buffalo, along with a stable local economy anchored by Erie Insurance, universities, hospitals, and recreational attractions.
