🎉 What’s happened in the Million Dollar+ real estate market in the Greater Philadelphia Area in the 4th quarter? ...
… and what does that mean for you? 🤔
📊 Today we’ll talk about stats that you don’t hear about in the usual real estate reports.
📈 The median price point for the $1M+ market is 1.35M which is up 3% since the 4th quarter in 2019.
⬆️ 307 homes over $1M closed in the 4th quarter which is a massive 83.3% increase!
⬇️ The days on market is also significantly less for a market that typically takes longer to sell.
So if you are a buyer this luxury market, what should you know?
✅ There are more opportunities!
✅ Get clear on your lending options.
If you’re thinking about selling your home...
✅ This market has seen a lot of improvement.
✅ The first offer is probably the best offer.
✅ Be patient in your negotiations.
This is exactly where you want to be. 👏
Hopefully this gives you the information you need to make the best decisions in the future! 🏡
Tom Toole Sales Group - RE/MAX Main Line
www.TomToole.com
610.692.6976