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Podcast: The Tom Toole Sales Group Podcast
Episode: February 2024 Market Update - Tom's Take 367
Description: Curious about the real estate market? Here's a quick breakdown for you:
🏠 Sales remained steady in Greater Philadelphia, with some areas seeing a slight decrease and others a small increase.
💰 Median sale prices rose by about 9% in suburban areas and 4% in Philadelphia.
📉 New listings in Philadelphia decreased slightly while increasing in other areas, indicating growing inventory.
📉 Interest rates are currently between 6.5% and 6.75%, making it a favorable time to buy.
🔍 For sellers: Now might be a good time to cash out, as prices are up and inventory is growing.
🏠 For buyers: Lower interest rates mean you can afford more, but be prepared to act qu...