Real-Time Market Profile July 2012

Philadelphia Real Estate – Market Update – July 2012

Real-Time Market Profile July 2012

July 16, 2012 Philadelphia Real Estate Market Conditions for Philadelphia real estate market, trends in pricing, current level of supply & demand and home price value metrics.

The median list price in PHILADELPHIA, PA this week is $219,9000. The 1520 properties have been on the market for an average of 167 days.

Market Action Index - July 2012

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Price Trends - July 2012
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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