Monthly Real Estate Reports
Main Line and Philadelphia Monthly Market Reports
The live charts below are from Bright MLS and updated monthly. The data includes Condos and Single Family Homes and both previously-owned homes and new construction. Statistics are at a rolling 12 months, going back 5 years. With very tight inventory, market data can be interesting but also misleading. A few sales may create misleading market shifts, especially in areas like Villanova and Gladwyne which have very limited privately owned real estate.
Philadelphia has been described as the “city of a thousand neighborhoods.” And on the Main Line townships and school districts can seem to overlap. For more detailed local market insights info, visit our Community Guides and please contact us for a customized report to meet your needs.
In condo markets like Rittenhouse Square and MidTown Philadelphia, each complex is a micro-market. For instance, two different condo developments within a block of each other may have very different sales results as explained on our blog. We need to dig deeper to tell you the entire story.
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As you have heard me say, markets can quickly change like ocean currents. Don’t be caught by surprise!
Statistics vs Real Time News
Market news and updates for real estate are especially challenging as statistics are not real time. As shifts happen quickly, the best way to stay informed is knowing what REAL BUYERS are doing now.
For instance, while we wait for the “formal” Q2 news reports, analysis of new contracts during the month of June for luxury homes on the Main Line reflects the “shift” in the market with a decrease in new pending sales, increase in days on market as well as an increase in inventory.