How’s the real estate market in Greater Philadelphia? In this episode, I break down the numbers that actually matter for buyers and sellers across Philadelphia, Chester, Delaware, and Montgomery counties.
Through July 2026, Greater Philadelphia closed sales are down just 1% year over year, while the median sales price is up 2.6% and active inventory has increased 12.4%. But the suburbs remain tight, with Chester, Delaware, and Montgomery counties all sitting below two months of housing supply.
My biggest takeaway is that the market is stabilizing. Inventory is improving, local sales are showing some growth, prices continue to rise, and mortgage rates have remained relatively steady.
I also explain why sellers shouldn’t assume the market shuts down after August, what the typical post-Labor Day bump could mean, and why buyers should focus less on perfectly timing rates and more on finding the right home with a payment that fits their budget.
Every neighborhood is different, so if you’re considering a move, make sure you’re looking at the data for your specific township, school district, and price range.