“We are now in the second half of 2019 as the closeout of June marked the end of the second quarter. Overall, the volume of homes listed and sold kept pace with last year’s Q2. The average sales price also remained largely unaffected. However, the Days On Market average saw a whopping 27% increase from last year to this year indicating the market may slowly be shifting toward favoring buyers.
A notable statistic is the average sale price of Northern Liberties. In Q1 of this year, we saw a decrease of 15% (compared to Q1 of 2018), however in the second quarter of 2019, we saw an inverse with an increase by 29%. The number of homes listed in Northern Liberties increased by over 43% as the development of the neighborhood continues to expand. Chestnut Hill saw a huge drop in average sale price by 37% yet the number of homes listed, sold, and average days on market remained steady.“
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