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Podcast: The Tom Toole Sales Group Podcast
Episode: 2023 Year-End Market Update - Tom's Take 359
Description: Curious about the housing market in Greater Philadelphia? Here's a quick rundown of 2023:
🏠 Home Sales: Down 18.3% to 23.7%
💰 Median Sale Price: Down 4.7% in Philly, Up 5.3% to 6.5% in Suburbs
🕒 Days on Market: 19-22 days in suburbs, 47 days in Philly
📈 Inventory: Up 15-18%, 1.69 to 1.78 months supply
What does this mean for you?
🏡 Sellers: Consider listing now with rising days on market
🔍 Buyers: Lower rates mean more affordability, act sooner
Rates are down to 6.25-6.375%, making it an excellent time for both buyers and sellers. Plan ahead, meet with agents, and be prepared for the changing market. 📊🏡
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