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No, Ryan Buell and a couple cast members have already released statements about the 5th season being it. Check Ryan's website.
Paranormal Paparazzi - 2012 was released on: USA: 28 September 2012
The new season is scheduled to begin on 03-04-2012 on the Lifetime network
It has been confirmed that the 2012/13 season will begin on Saturday 18th August 2012
JUNE 2012
JUNE 2012
2012-04-19
The new season is scheduled to begin on 03-26-2012 on the ABC Family Channel
Greetings from Home - 2012 Paranormal - 1.4 was released on: USA: 2012
Paranormal Trauma - 2012 - TV was released on: USA: 10 January 2012
Paranormal State - 2007 Vegas 1-5 was released on: USA: 31 December 2007 Netherlands: 11 January 2012 (DVD premiere)
Paranormal State - 2007 The Haunted Piano - 1.13 was released on: USA: 4 February 2008 Netherlands: 11 January 2012 (DVD premiere)