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Podcast: The Tom Toole Sales Group Podcast
Episode: July 2023 Market Update
Description: We're halfway through the year, and the market's telling us a story. Sales are down by 23.8%-27.5%, new listings have decreased 17.9%-27.5%, and pending sales are down 17%-25.7%. The pace has slowed, but there's a bright side—more homes on the market due to this slower pace.
Median sale prices have risen by 3.4%-5.1% in suburban counties, while Philly experienced a 4.4% dip. Days on the market are becoming seller-friendly, dropping to 16-17 days in suburbs and 41 days in Philadelphia in July.
Sellers, it's an opportune moment with the asking price received ranging from 100.2% to 102% in suburbs and 94.6% in Philly. For bu...