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Podcast: The Tom Toole Sales Group Podcast
Episode: Philadelphia Metro Area Real Estate Market Update: July 2024 | Tom’s Take 389
Description: Curious about the latest trends in the Philadelphia real estate market? In this video, we dive into the July 2024 statistics and discuss what they mean for buyers and sellers in the Philadelphia metro area, including the city and surrounding suburbs. Here's a snapshot of what you'll find:
📉 Market Overview:
* Closed sales have slightly decreased by 0.9% compared to last year.
* Median sale prices have risen by 8.2% year-over-year.
* Median days on the market remain stable at 11 days, with the average closer to 3-4 weeks.
🏡 Current Market Trends:
* New pending sales are down by 0.4% from last year.
* New active listings are up by 3.9%, and to...