Philadelphia Real Estate Housing Inventory Down 1%

CalculatedRisk reports that Homes For Sale inventory down 11.1% Year-over-year in July.  HousingTracker reported that the July listings – for the 54 metro areas – declined 11.1% from last year.  The positive effect of the decline in listed inventory is that there will be less downward pressure on housing prices but CalculatedRisk is careful to note that there is still a large inventory of distressed properties NATIONALLY as well as some shadow inventory.  Philadelphia real estate housing inventory is down 1% month to month and up .4% YOY.  Comparatively, our inventory levels are among the lowest of any large metropolitan area.

To search Philadelphia Real Estate listings for condos, homes and apartments click here.

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
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[email protected]
www.CenterCityTeam.com