Sales are up, prices are up, and supply is down
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As you can see from the above graph, real estate is picking up in Philadelphia.
Not only are prices rising, but the biggest highlight is that supply is down … drastically (for both Total Homes For Sale and Months of Supply). Very good signs that things are improving from 1 year ago, and that the market is shifting from a “Buyer’s Market” to a “Seller’s Market.”
Positive news for Philadelphians.