There was an increase in total units sold in October, with 167 sold this month in South Philadelphia. This month’s total units sold was higher than at this time last year.
Versus last year, the total number of homes available this month is lower by 132 units or 10%. The total number of active inventory this October was 1,219 compared to 1,351 in October 2012. This month’s total of 1,219 is higher than the previous month’s total supply of available inventory of 1,190, an increase of 2%.
Median Sale Price
Last October, the median sale price for South Philadelphia Homes was $184,000. This October, the median sale price was $155,000, a decrease of 16% or $29,000 compared to last year. The current median sold price is 14% lower than in September.
Sale Price to List Price Ratio
In October, the average sale price in South Philadelphia was 95.3% 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 72, lower than the average last year, which was 82, a decrease of 12%
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.