Late July Market Update
Our Late July Market Update [via Altos Research] continues to reflect the summer-long sellers’ market. The numbers & trends displayed present no significant changes in market status; however, they continue to give hope for buyers. Total inventory has increased this month, along with average days on the market. If properties are on the market longer, they will [eventually] decrease in value, and negatively affect average & median list prices. As fall & winter approach, and the busy season comes to a close, buyers could see a market advantage in the next few months. Only time will tell.For lengthier details on Philadelphia’s Market Conditions, head over to our Market Update page on centercityrealestate.com.
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