PHILADELPHIA METRO HOUSING MARKET DATA

There was a decrease in total units sold in July, with 5,132 sold this month in Philadelphia Metro Real Estate versus 5,648 last month, a decrease of 9%. This month's total units sold was lower than at this time last year, a decrease of 3% versus July 2024.

The total number of homes available this month is 10,688 units, which is similar compared to a year ago. This month's total of 10,688 is lower than the previous month's total supply of available inventory of 11,263, a decrease of 5%.

Last July, the median sale price for Philadelphia Metro Homes was $425,000. This July, the median sale price was $450,000, an increase of 6% or $25,000 compared to last year. The current median sold price is 2% lower than in June.

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

In July, there was 2.1 months of supply available in Philadelphia Metro. The amount of supply is similar compared to 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 5,948 homes newly listed for sale in Philadelphia Metro compared to 6,303 in July 2024, a decrease of 6%. There were 4,810 current contracts pending sale this July compared to 4,675 a year ago. The number of current contracts is 3% higher than last July.

In July, the average sale price in Philadelphia Metro was 100.4% of the average list price, which is 0.8% lower than at this time last year.

This month, the average number of days on market was 25, higher than the average last year, which was 24, an increase of 4%.





FOCUS ON: PHILADELPHIA METRO HOUSING MARKET			JULY 2025

Units Sold 5,132	Active Inventory 10,688	Median Sale Price $450,000	Days On Market 25

Down -3% Vs. Year Ago	No Change Vs. Year Ago	Up 6% Vs. Year Ago	Up 4% Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 5,132 sold this month in Philadelphia Metro Real Estate versus 5,648 last month, a decrease of 9%. This month's total units sold was lower than at this time last year, a decrease of 3% versus July 2024.
Active Inventory The total number of homes available this month is 10,688 units, which is similar compared to a year ago. This month's total of 10,688 is lower than the previous month's total supply of available inventory of 11,263, a decrease of 5%.
		Median Sale Price Last July, the median sale price for Philadelphia Metro Homes was $425,000. This July, the median sale price was $450,000, an increase of 6% or $25,000 compared to last year. The current median sold price is 2% lower than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 5,948	Current Contracts 4,810	Sold Vs. List Price 100.4%	Months of Supply 2.1

Down -6% Vs. Year Ago	Up 3% Vs. Year Ago	Down -0.8% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In July, there was 2.1 months of supply available in Philadelphia Metro. The amount of supply is similar compared to 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 5,948 homes newly listed for sale in Philadelphia Metro compared to 6,303 in July 2024, a decrease of 6%. There were 4,810 current contracts pending sale this July compared to 4,675 a year ago. The number of current contracts is 3% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Philadelphia Metro was 100.4% of the average list price, which is 0.8% lower than at this time last year. Days on Market This month, the average number of days on market was 25, higher than the average last year, which was 24, an increase of 4%.


	*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.