"Homes in the PhiladelphiaCamdenWilmington metro area sell in a median 49 days, 28 days faster than the national median of 77 days, even as 39% of active listings reduced prices during the week ending Nov. 1, 2025. The metro's $439,900 median list price slightly exceeds the national median of $435,000. The Philadelphia metro housing market shows buyer-favorable conditions with 2.0 months of supply, below the national level of 2.9 months."
"During the latest week, 863 homes were absorbed from the market while 663 new listings entered, indicating stronger demand than new supply. The metro maintains 6,944 active listings. The relisting rate reached 7.7%, indicating most properties sell without returning to market. Price adjustments remain common, with 39% of active listings taking cuts while 2% increased prices. Price per square foot reached $236.1, surpassing both the state's $185.7 and national $213.1 levels."
Median days on market in the PhiladelphiaCamdenWilmington metro are 49 days, 28 days faster than the national 77-day median and 7 days faster than Pennsylvania's 56 days. The metro's median list price is $439,900, slightly above the U.S. median of $435,000 and 35.4% above Pennsylvania's $325,000. Months of supply are 2.0, below the national 2.9 and state 2.3, reflecting buyer-favorable conditions. Active inventory totals 6,944 homes. During the week, 663 new listings entered while 863 homes were absorbed, showing stronger demand than supply. Relisting rate is 7.7%. Price per square foot is $236.1. Price reductions affected 39% of active listings while 2% increased prices.
#philadelphiacamdenwilmington #median-days-on-market #price-reductions #months-of-supply #price-per-square-foot
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]