According to the Philadelphia Inquirer in a non-scientific study of 1600 buyers, although a miniscule median price drop was registered for Philadelphia in 2008, sellers do not think it is a good time to sell.
However, the overwhelming majority buyers think it as an awesome time to buy! Those surveyed also thought the Philadelphia metro area real estate market is doing way better than the nation as a whole.
1619 Walnut St 5th Floor,
Philadelphia, PA 19103
(215) 592-9522 |
(215) 627-3500 |
(215) 592-7184 Fax
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January 15th, 2009 | 
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I could not agree more. Two years ago I did not find ANYTHING in my $200K range, so I stopped looking. Now, I found a dozen condos and with my quoted rate of 4 & 3/4 I can get way more space for my money.
Absolutely. It’s great time to be a buyer in this market right now. Make sure you do some digging on the developer and the condominium if it’s a newly established condo.