(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.
Price
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
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