There was a decrease in total units sold in September, with 157 sold this month in South Philadelphia versus 208 last month, a decrease of 25%. This month’s total units sold was lower than at this time last year, a decrease of 7% versus September 2012.
Versus last year, the total number of homes available this month is lower by 209 units or 15%. The total number of active inventory this September was 1,159 compared to 1,368 in September 2012. This month’s total of 1,159 is higher than the previous month’s total supply of available inventory of 1,119, an increase of 4%.
Median Sales Price
Last September, the median sale price for South Philadelphia Homes was $182,500. This September, the median sale price was $188,750, an increase of 3% or $6,250 compared to last year. The current median sold price is 18% lower than in August.
Sales Price to List Price Ratio
In September, the average sale price in South Philadelphia was 94.8% of the average list price, which is similar compared to a year ago.
Days On the Market
This month, the average number of days on market was 63, lower than the average last year, which was 76, a decrease of 17%.