Real Estate Market Update for
19118 (Philadelphia, PA)
Video: Real Estate Community Tour for 19118 (Philadelphia, PA)
See Real estate community tour for 19118 (Philadelphia, PA)
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 15% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was just over 700-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 61%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 380-thousand dollars. The number of units sold decreased 14% year-over-year, and held steady month-over-month. Even though sales figures were down from a year ago, the recent local market conditions were basically unchanged. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.