Philadelphia Market Update, Febryary 2021

Philadelphia Market Update, Febryary 2021

Property Manager · Phialdelphia, PA · Member since 2017 · 509 posts · 627 votes

Hi all, 

New report from Bright. 

Townhome unit sales volume (2,095) rose 22%. Delaware County reported a 37% jump in townhome sale activity.

Philadelphia County townhomes came under contract in 27 days, two weeks earlier than last year. Fishtown townhomes stayed on the market for 28 days, down by -12 days.

New listings of single-family homes (3,235) fell -31%, the steepest since the spring shutdown. Mercer County had -38% fewer new detached home listings (222).

Upcoming single-family home sales (3,224) slid -23%, the first year-over-year decline since last May, as available inventory tightened. Bucks County reported -31% lower new single-family home pending sales.

Cheers, 

Yuriy 

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  • Rental Property Investor · Los Angeles, CA · Member since 2018 · 88 posts · 22 votes
    5y

    @Yuriy Skripnichenko how is the rental market in Philly metro?

  • Property Manager · Phialdelphia, PA · Member since 2017 · 509 posts · 627 votes
    5y

    @Joe Steele the rental market is now growing at the pace the property values do. But it is stable. 

    Also Philly has a lot of different neighborhoods where you will have different experience with the rental market. 

    Cheers, 

    Yuriy 

  • Rental Property Investor · Los Angeles, CA · Member since 2018 · 88 posts · 22 votes
    5y

    @Yuriy Skripnichenko thank Yuriy

  • Investor · Philadelphia, PA · Member since 2019 · 618 posts · 430 votes
    5y

    Thanks again for the info Yuriy!

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