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| SEPTEMBER 2025 | |||
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| Units Sold 4,940 |
Active Inventory 11,773 |
Median Sale Price $409,000 |
Days On Market 32 |
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| Up 6% Vs. Year Ago |
Up 13% Vs. Year Ago |
Up 4% Vs. Year Ago |
Up 19% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in September, with 4,940 sold this month in Philadelphia Metro Real Estate versus 5,593 last month, a decrease of 12%. This month's total units sold was higher than at this time last year, an increase of 6% versus September 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 1,348 units or 13%. The total number of active inventory this September was 11,773 compared to 10,425 in September 2024. This month's total of 11,773 is lower than the previous month's total supply of available inventory of 12,264, a decrease of 4%. |
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Median Sale Price
Last September, the median sale price for Philadelphia Metro Homes was $395,000. This September, the median sale price was $409,000, an increase of 4% or $14,000 compared to last year. The current median sold price is 4% lower than in August. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 6,787 |
Current Contracts 5,774 |
Sold Vs. List Price 99.7% |
Months of Supply 2.4 |
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| Up 7% Vs. Year Ago |
Up 10% Vs. Year Ago |
No Change Vs. Year Ago |
Up 7% Vs. Year Ago |
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Months of Supply
In September, there was 2.4 months of supply available in Philadelphia Metro, compared to 2.2 in September 2024. That is an increase 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. |
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New Listings & Current Contracts
This month there were 6,787 homes newly listed for sale in Philadelphia Metro compared to 6,314 in September 2024, an increase of 7%. There were 5,774 current contracts pending sale this September compared to 5,264 a year ago. The number of current contracts is 10% higher than last September. |
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Sale Price to List Price Ratio
In September, the average sale price in Philadelphia Metro was 99.7% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 32, higher than the average last year, which was 27, an increase of 19%. | |||
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*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. |
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