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Podcast: The Tom Toole Sales Group Podcast
Episode: Philadelphia Area Housing Market Update: Q2 2023 Trends & Insights - Tom's Take 333
Description: 🏠 Curious about the 2Q 2023 Housing Market Update for Philadelphia's metro area? The numbers reveal some interesting trends. Home sales have taken a hit, dropping by 20.8% to 29.6% compared to last year. On the bright side, average prices in the suburban counties have risen by 5% to 6%, though in Philadelphia city, they've dipped by 1.8%.
📈 Days on the market have increased substantially, with homes taking 21 to 24 days to sell in suburban areas and a longer 60 days in Philadelphia city, marking a 54.9% increase from previous quarters. The current housing supply, ranging from 1.1 to 1.3 months, shows a notable increase due to fewer homes being sold. New listin...