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Podcast: The Tom Toole Sales Group Podcast
Episode: Philadelphia Real Estate Market Update (Nov 2024) | Tom’s Take 406
Description: In this detailed November 2024 market update for the Greater Philadelphia Area, we dive into the latest trends affecting home sales, prices, inventory, and more. Whether you're thinking of buying or selling, this video covers everything you need to know about the current state of the market and what to expect in the coming months.
Timestamps:
00:00 – Introduction: How's the market looking in November 2024?
00:10 – Overview of closed sales in Philadelphia & surrounding areas
00:18 – Sales up 0.5% year-over-year: What it means
00:39 – Median sold price up 8.7% – Strong demand in Northeastern markets
00:56 – Inventory is growing: 7.4% increase in homes for sale
01:02 – Days on market: Flat at 11–12 days
01:17 – Showings are down 9.8% year...