Housing Market Data

Discover the most relevant real estate data on the local and national market. We spend our lives immersed in the nitty gritty details of home selling and buying, so we have our fingers on the pulse of what is most important for sellers and buyers to know about the local and national housing markets.

We hope you enjoy the information we offer here! For an analysis of your home’s value, speak with one of our talented real estate agents or directly contact the CenterCityTeam office: 215.440.2093

July 28, 2011

Philadelphia Real Estate Market Outperforming National Market

Philadelphia Real Estate Market Outperforming National Market Prudential’s Chairman and CEO Larry Flick recently wrote a letter to the editor of the Philadelphia Inquirer in response to Cynthia Burton’s article, “A Window into the Housing Crisis”.  The crux of the article was that in reality, our regional outlook remains positive and the Philadelphia real estate market continues to outperform the national market on a […]
July 28, 2011

Philadelphia Real Estate One Liners July 28, 2011

Philadelphia Real Estate One Liners July 28, 2011 National Association of Realtors reports an increase in cancellations of pending home sale contracts.  The normal rate is 4% and currently there is a 16% rate of cancellation.  (CNBC Realty Check) Case-Shiller reported May home price declines in both its 10 (3.6%) and 20 (4.5%) city index.  Home prices however increased slightly […]
July 27, 2011

Philadelphia Real Estate Market Data June Fall Through Chart

Philadelphia Real Estate Market Data – YTD Fall Through Chart. Here’s a summary of why Philadelphia real estate transactions are not proceeding to settlement.  All data compiled and provided compliments of Prudential Fox & Roach, Realtors. 38% of all contract cancellations occur as a result of the buyer’s inspection  22% of all contract cancellations occur because the buyer terminated for […]
July 25, 2011

University of Pennsylvania Real Estate Development Progressing Nicely

University of Pennsylvania Real Estate Development Progressing Nicely. In Philadelphia development news, Penn Park, the new urban park east of the Highline and stretching from Walnut Street to South Street features featuring a fabric of tightly interwoven recreation and athletic components is coming along nicely.  This is great news for a number of reasons. First, Penn and Drexel’s long term […]
July 25, 2011

Kevin Gillen Philadelphia Real Estate Q2 2011 Commentary

Kevin Gillen Philadelphia Real Estate Q2 2011 Commentary Philadelphia’s House Prices Hit the Brakes This Spring. House prices effectively unchanged in 2011 Q2.   July 25, 2011: It may not be often that flat house prices may be greeted as good news, but after several years of declining prices and falling sales, the definition of “good news” for housing has […]
July 24, 2011

President Obama Considers Renting Philadelphia Foreclosures

President Obama Considers Renting Philadelphia Foreclosures Wouldn’t this be a strange twist for the Philadelphia Apartment market.  According to the Wall Street Journal the Obama administration is examining ways in which foreclosed properties could be rented.  The hope is that renting these homes and taking them off the market will reduce high inventory levels thereby helping to stabilize the housing market.  This […]
July 23, 2011

Philadelphia Multifamily Real Estate Selling

Philadelphia Multifamily Real Estate Selling. I’ve been saying for months that the Philadelphia real estate investors are out in droves based on nothing but purely my own anecdotal research and now it seems the data shows an increased demand for multifamily housing nationally.  Makes sense given the economic and employment uncertainty.  Why not purchase a multifamily property and have additional […]
July 21, 2011

Philadelphia Real Estate One Liners July 21, 2011

 Philadelphia Real Estate One Liners – July 21, 2011   Toll Brothers, nearing completion of Naval Square in Graduate Hospital, is proposing a development project at 2400 South Street where they intend to knock down the existing buildings and build 122 townhomes and condos with ample parking.  (www.NakedPhilly.com) Philadelphia ranked 5th on the 2011 Walkscore.com poll of the most walkable cities […]
July 21, 2011

Pennsylvania Real Estate Closing Costs 9th Most Expensive in U.S.

Pennsylvania Real Estate Closing Costs 9th Most Expensive in U.S. According to a Bankrate.com survey Pennsylvania Real Estate Closing Costs are the 9th most expensive in entire U.S with an average cost of $4,522. Researchers requested a good faith estimate for a $200,000 loan, assuming a 20 percent down payment and good credit.  This chart does not include taxes, other government […]