PHILADELPHIA METRO HOUSING MARKET DATA

There was an increase in total units sold in June, with 5,485 sold this month in Philadelphia Metro Real Estate versus 4,964 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 5% versus June 2024.

Versus last year, the total number of homes available this month is lower by 187 units or 2%. The total number of active inventory this June was 10,174 compared to 10,361 in June 2024. This month's total of 10,174 is lower than the previous month's total supply of available inventory of 11,320, a decrease of 10%.

Last June, the median sale price for Philadelphia Metro Homes was $435,000. This June, the median sale price was $459,999, an increase of 6% or $24,999 compared to last year. The current median sold price is 6% higher than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In June, there was 1.9 months of supply available in Philadelphia Metro, compared to 2.0 in June 2024. That is a decrease of 7% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 6,001 homes newly listed for sale in Philadelphia Metro compared to 6,539 in June 2024, a decrease of 8%. There were 5,444 current contracts pending sale this June compared to 5,128 a year ago. The number of current contracts is 6% higher than last June.

In June, the average sale price in Philadelphia Metro was 101.0% of the average list price, which is 0.6% lower than at this time last year.

This month, the average number of days on market was 24, which is similar compared to a year ago.





FOCUS ON: PHILADELPHIA METRO HOUSING MARKET			JUNE 2025

Units Sold 5,485	Active Inventory 10,174	Median Sale Price $459,999	Days On Market 24

Up 5% Vs. Year Ago	Down -2% Vs. Year Ago	Up 6% Vs. Year Ago	No Change Vs. Year Ago


		Units Sold There was an increase in total units sold in June, with 5,485 sold this month in Philadelphia Metro Real Estate versus 4,964 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 5% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 187 units or 2%. The total number of active inventory this June was 10,174 compared to 10,361 in June 2024. This month's total of 10,174 is lower than the previous month's total supply of available inventory of 11,320, a decrease of 10%.
		Median Sale Price Last June, the median sale price for Philadelphia Metro Homes was $435,000. This June, the median sale price was $459,999, an increase of 6% or $24,999 compared to last year. The current median sold price is 6% higher than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 6,001	Current Contracts 5,444	Sold Vs. List Price 101.0%	Months of Supply 1.9

Down -8% Vs. Year Ago	Up 6% Vs. Year Ago	Down -0.6% Vs. Year Ago	Down -7% Vs. Year Ago


		Months of Supply In June, there was 1.9 months of supply available in Philadelphia Metro, compared to 2.0 in June 2024. That is a decrease of 7% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 6,001 homes newly listed for sale in Philadelphia Metro compared to 6,539 in June 2024, a decrease of 8%. There were 5,444 current contracts pending sale this June compared to 5,128 a year ago. The number of current contracts is 6% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in Philadelphia Metro was 101.0% of the average list price, which is 0.6% lower than at this time last year. Days on Market This month, the average number of days on market was 24, which is similar compared to a year ago.


	*Defined as the counties of Berks, Bucks, Chester, Delaware, Lehigh, Montgomery, Northampton, and Philadelphia in PA
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by GLVR/BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of GLVR/BRIGHTMLS or Long & Foster Real Estate, Inc.