We’ve seen a decline in sales volume, an increase in suburban median sale prices, and stable mortgage rates.
Sellers continue to receive a strong percentage of the asking price, while new listings have decreased.
Sellers should take advantage of the stability and buyers should look to seize the opportunity presented by increased inventory and stable rates.
Tune into episode 323 of Tom’s Take for the real data for Philadelphia, Montgomery County, Chester County and Delaware County, and more information on what this means for Buyers and Sellers and how they can properly navigate the current market conditions.