Curious about the housing market in Greater Philadelphia? Here's a quick rundown of 2023:

🏠 Home Sales: Down 18.3% to 23.7%

💰 Median Sale Price: Down 4.7% in Philly, Up 5.3% to 6.5% in Suburbs

🕒 Days on Market: 19-22 days in suburbs, 47 days in Philly

📈 Inventory: Up 15-18%, 1.69 to 1.78 months supply

What does this mean for you?

🏡 Sellers: Consider listing now with rising days on market

🔍 Buyers: Lower rates mean more affordability, act sooner

Rates are down to 6.25-6.375%, making it an excellent time for both buyers and sellers. Plan ahead, meet with agents, and be prepared for the changing market. 📊🏡

Have more questions about our local market? Schedule a call with our team ➡️ https://calendly.com/tomtoole