PHILADELPHIA METRO HOUSING MARKET DATA

There was an increase in total units sold in May, with 4,844 sold this month in Philadelphia Metro Real Estate versus 4,584 last month, an increase of 6%. This month's total units sold was lower than at this time last year, a decrease of 9% versus May 2024.

Versus last year, the total number of homes available this month is higher by 294 units or 3%. The total number of active inventory this May was 10,448 compared to 10,154 in May 2024. This month's total of 10,448 is lower than the previous month's total supply of available inventory of 10,965, a decrease of 5%.

Last May, the median sale price for Philadelphia Metro Homes was $415,000. This May, the median sale price was $435,000, an increase of 5% or $20,000 compared to last year. The current median sold price is 1% higher than in April.

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

In May, there was 2.2 months of supply available in Philadelphia Metro, compared to 1.9 in May 2024. That is an increase of 13% 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 6,627 homes newly listed for sale in Philadelphia Metro compared to 7,077 in May 2024, a decrease of 6%. There were 5,685 current contracts pending sale this May compared to 5,368 a year ago. The number of current contracts is 6% higher than last May.

In May, the average sale price in Philadelphia Metro was 101.0% 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 27, higher than the average last year, which was 25, an increase of 8%.





FOCUS ON: PHILADELPHIA METRO HOUSING MARKET			MAY 2025

Units Sold 4,844	Active Inventory 10,448	Median Sale Price $435,000	Days On Market 27

Down -9% Vs. Year Ago	Up 3% Vs. Year Ago	Up 5% Vs. Year Ago	Up 8% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 4,844 sold this month in Philadelphia Metro Real Estate versus 4,584 last month, an increase of 6%. This month's total units sold was lower than at this time last year, a decrease of 9% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 294 units or 3%. The total number of active inventory this May was 10,448 compared to 10,154 in May 2024. This month's total of 10,448 is lower than the previous month's total supply of available inventory of 10,965, a decrease of 5%.
		Median Sale Price Last May, the median sale price for Philadelphia Metro Homes was $415,000. This May, the median sale price was $435,000, an increase of 5% or $20,000 compared to last year. The current median sold price is 1% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 6,627	Current Contracts 5,685	Sold Vs. List Price 101.0%	Months of Supply 2.2

Down -6% Vs. Year Ago	Up 6% Vs. Year Ago	Down -0.7% Vs. Year Ago	Up 13% Vs. Year Ago


		Months of Supply In May, there was 2.2 months of supply available in Philadelphia Metro, compared to 1.9 in May 2024. That is an increase of 13% 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 6,627 homes newly listed for sale in Philadelphia Metro compared to 7,077 in May 2024, a decrease of 6%. There were 5,685 current contracts pending sale this May compared to 5,368 a year ago. The number of current contracts is 6% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Philadelphia Metro was 101.0% 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 27, higher than the average last year, which was 25, an increase of 8%.


	*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.