Here are this weeks updates on the Philadelphia real estate market for the week of November 1st, 2010. Keep in mind, these numbers will vary depending on the Price Range and the Specific Neighborhood you are buying or selling in.
- Median list price in Philadelphia this week is $204,950
- 1,788 properties have been on the market for an average of 158 days
- Inventory and days on the market are basically unchanged and the Market Action Index is decreasing
- The market is not sending a strong directional signal for the near term outlook
Supply & Demand
The Philadelphia real estate market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks.
Median List Price
Average List Price
Asking Price per Square Foot
Average Days on Market
Inventory of Properties Listed
Most Expensive Property Listed
Least Expensive Property Listed
Average Age of Listing
Percent of Properties with Price Decrease
Percent Relisted (reset days on market)
Percent Flip (price increased)
Median House Size (square feet)
Median # of Bedrooms
Median # of Bathrooms
Market Action Index shows a Strong Buyers’ market with an index of 14.7. The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of inventory. Index above 30 implies a seller’s advantage. Below 30 conditions give the advantage to the buyer.
If you’d like more in-depth statistics for a specific neighborhood send us an email. we’ll get the results to you within 24 hours.