"In September, there were 4,692 homes for sale in Philadelphia, which was 4.7% more than the month before and 7.0% more than the same time last year. Meanwhile, active inventory across the nation rose by 0.2% from last month to 1,100,407. The number of new listings in Philadelphia was 1,834, which was 17.0% more than the month before and 2.0% less than the same time last year. Nationally, the number of new listings fell by 1.8% from last month to 394,878."
"Home prices in Philadelphia Typically, home price per square foot in Philadelphia tend to rise in September. And the most recent data shows that the price per square foot remained practically unchanged compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in the City of Brotherly Love are outpacing the national market."
In September, Philadelphia's median listing price was $285,000, unchanged from August. Price per square foot remained practically unchanged month-over-month, while nationally price per square foot fell 0.8%, indicating Philadelphia outpaced the national trend. Active inventory in Philadelphia totaled 4,692 homes, up 4.7% monthly and 7.0% annually. New listings numbered 1,834, increasing 17.0% from the prior month but down 2.0% year-over-year. National active inventory rose 0.2% to 1,100,407 and new national listings fell 1.8% to 394,878. Homes in Philadelphia averaged 61 days on market, versus 62 days nationally.
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