Home Sales Report for Philadelphia Q3 2019

Real Estate With Heart November 25, 2019

 

Real Estate With Heart Market Report Q3 2019

“The 3rd quarter of 2019 saw a significant increase in homes listed for sale and homes sold compared to the same quarter last year, demonstrating that the overall market is still strong. The number of homes listed on the market rose by 18% and the number of homes sold rose 6%. The average sale price rose 2%, roughly the same as last year, while the days on market rose 15%. This disparity signifies that homes aren’t selling as quickly as last year and more homes listed translates to more competition for sellers.

The recent numbers have improved housing affordability for many Philadelphians. One upside to the recent cooling of house prices has enhanced housing affordability in the city.”

 

 

If you have any specific questions about the market or this report, please feel free to reach out to us on the blog or at info@realestatewithheart.com.

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