Facebook
X
Pinterest
Copy Link
Market Overview (Summer 2024)
- Home Sales: There has been a notable increase in home sales, with a 9.6% rise compared to the same period last year1.
- Median Sales Price: The median sales price for homes in Southeast Pennsylvania is approximately $307,7501.
- Inventory: The inventory of homes available for sale has seen a slight decrease, contributing to a competitive market1.
Key Trends
- Increased Demand: The demand for homes remains strong, driven by low interest rates and a growing population in the region2.
- Price Adjustments: While there is an overall increase in home prices, some areas have seen slight price adjustments due to varying local market conditions2.
- New Listings: There has been a steady flow of new listings, although not enough to meet the high demand, leading to a seller’s market2.
Local Insights
- Philadelphia Suburbs: Areas like Chester, Montgomery, and Bucks counties are particularly popular, with many buyers seeking suburban homes with more space2.
- Urban Areas: Philadelphia itself continues to attract buyers, especially in neighborhoods undergoing revitalization2.
