There was a decrease in total units sold in South Philly in February, with 131 houses sold this month versus 158 last month, a decrease of 17%. This month’s total units sold was lower than at this time last year, a decrease of 10% versus February 2012.
Compared to last year, the total number of homes available this month is lower by 427 units or 29%. The total number of active inventory this February was 1,028 compared to 1,455 in February 2012. This month’s total of 1,028 is lower than the previous month’s total supply of available inventory of 1,054, a decrease of 2%.
Median Sale Price
Last February, the median sale price for South Philadelphia Homes was $165,500. This February, the median sale price was $224,000, an increase of $58,500 compared to last year. The current median sold price is higher than in January.
Sale Price to List Price Ratio
In February, the average sale price in South Philadelphia was 95.2% of the average list price, which is 1.1% higher than at this time last year.
Days on Market
This month, the average number of days on market was 84, lower than the average last year, which was 105, a decrease of 20%.
South Philadelphia are defined as properties listed in zip code/s 19145, 19146, 19147, 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.