Philadelphia Real Estate Market Data May 2011

Philadelphia Real Estate Market Data May 2011

The Philadelphia Real Estate Market Data summary for May 2011 shows that year-over-year from May 2010 through May 2011 shows the following:

  • an increase in inventory
  • a decrease in sales
  • a decrease in median price
  • a decrease in sale price vs. opening price ratio

Like most markets Philadelphia County (as a whole) has been negatively affected by the economy – specifically consumer confidence and unemployment – however this data is favorable when compared to other major cities especially those in the Case Shiller Index.

Philadelphia Real Estate Market Data - May

 

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Blog post compliments of CenterCityTeam’s Philadelphia Real Estate Blog

Frank L. DeFazio, Esquire
Prudential Fox & Roach Realtors – Society Hill
530 Walnut Street, Suite 260
Philadelphia, PA 19106
215.521.1623  Direct
610.636.4364  Cellular
888.308.1148  Fax
[email protected]
www.CenterCityTeam.com