Early Fall Market Report
As of September 16, 2013:
Philadelphia’s Market Conditions display fewer homes listed, and increasing days-on-market. These are relatively negative implications for Philadelphia area Real Estate. Our city technically remains a “seller’s market,” since current supply & demand levels show no significant price changes. However, conditions are cooling as we head towards the fall & winter months. The market is slowing down. If the market action index (displayed below) falls into the “buyer’s zone,” expect prices to drop.
The median list price in PHILADELPHIA, PA this week is $219,999.00.
909 properties have been on the market for an average of 136 days.
For further details, check out the info-graphics below. Read the full summary of Philadelphia
area single family home conditions, on our Market Update page.References:
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