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South Philadelphia Housing Market Update (July 2013)

Units Sold
There was a decrease in total units sold in July, with 248 sold this month in South Philadelphia versus 268 last month, a decrease of 7%. This month’s total units sold was higher than at this time last year, an increase of 28% versus July 2012.

july_2013_units_sold

Active Inventory
Versus last year, the total number of homes available this month is lower by 215 units or 16%. The total number of active inventory this July was 1,101 compared to 1,316 in July 2012. This month’s total of 1,101 is lower than the previous month’s total supply of available inventory of 1,122, a decrease of 2%.

july_2013_active_inventory

Median Sale Price
Last July, the median sale price for South Philadelphia Homes was $225,700. This July, the median sale price was $248,250, an increase of 10% or $22,550 compared to last year. The current median sold price is 10% higher than in June.

july_2013_median_sale_price

Sale Price to List Ratio
In July, the average sale price in South Philadelphia was 97.0% of the average list price, which is similar compared to a year ago.
Days on Market
This month, the average number of days on market was 57, lower than the average last year, which was 96, a decrease of 41%.

july_2013_saletolist_price

South Philadelphia are defined as properties listed in zip code/s 19146, 19147, 19145, 19148 and 19112.

Information included in this report is based on data supplied by TReND and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed.

 

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2 Responses to South Philadelphia Housing Market Update (July 2013)

  1. Jackie says:

    Looks like things were on the way down in July… how is October looking?

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