Chart of Philadelphia Market Update September 2020

Philadelphia Market Update, September 2020

The Philadelphia Metro saw sold listings leave the market in 10 days, the fastest on record. The median sales price rose by a record $40K compared to September 2019.

Philadelphia Market Update:

  • The metro area median sale price ($285.0K) hit a September high, up by a ten-year record +$40.0K (16.3%) from last year.
  • Sales hit a September ten-year high, with the best year-over-year gain since November 2012.
  • Homes left the market their fastest pace on record, as several counties saw their days on the market decline by a month or more.
    • The number of sold listings coming off the market in ten days or less (4,251) leaped 145.4%.

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Source for this post: Bright MLS.