Philadelphia Home Demand Index, June 2022
Hi all,
New report from Bright:
Demand for each type of Philadelphia Metro area home decreased in May with the largest declines in the lower-priced single-family and higher-priced condo segments. Buyer interest remained the strongest for higher-priced single-family homes and higher-priced condos, each with an Index in the High demand category. Demand for lower-priced single-family homes was Limited. The months supply of homes changed little in May compared with the previous month. The inventory of homes ranged from a 1.2 months supply for mid-priced single-family homes to a 3.5 months supply for higher-priced condos.
Cheers,
Yuriy