“On average the Philadelphia market was relatively flat in Q4 2019 as compared to Q4 2018. The number of homes listed decreased by 2.2% and the number of homes sold decreased by 1.4%. The average sale price rose 0.7%, while the days on market rose 8%.
We are still in a Sellers’ market based on low inventory levels, however, the increasing days on market may give Buyers a little more leverage than last year. As always, these average trends do not hold true in all neighborhoods and below is a link to our Quarterly Market Report with detail by zip code.”
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 firstname.lastname@example.org.