(Data collected from Altos Research.)
The median list price in PHILADELPHIA, PA this week is $129,900.
The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
Supply and Demand
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
CLICK HERE to download the full Philadelphia Condo Market Report!
For more information regarding condos and townhomes in Philadelphia, PA, CLICK HERE to contact Mike McCann.