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Tag / philadelphia properties

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...CONTINUE READING

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,...CONTINUE READING

Early July Market Report

The beginning of July’s market report  [via Altos Research] has just been released, and we’ve noticed some interesting activity for the Philadelphia area.  For starters, home values have flattened to very comparable prices with last month; however, there is a slight trend downward in price per square foot (see graph below). This shows that larger homes are...CONTINUE READING

End of June Market Report

Some insight from our Late-June market report, via Altos Research: Over the past month, trends continue to sway in sellers’ favor. Take median price for example. We began June at 189k, increasing to 192.5k mid-June, and now 195k to close the month. In our Mid-June report, we questioned whether “a few expensive properties skewed the average, or...CONTINUE READING

Mid-June Market Report

Some highlights from our Mid-June market report, via Altos Research. Conditions continue to favor sellers. Demand for homes in Philadelphia remains strong. Available supply is purchased rapidly, with Philadelphia properties currently averaging a mere 4 months on the market. However, median price has increased from $189,000 to $192,500 in the past two weeks. We’ll see...CONTINUE READING