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South Philadelphia Real Estate Market Update September 2013

Units Sold

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.

South Philly Sold Homes September 2013

 

 

 

 

 

 

Active Inventory 

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%.

South Philly homes for sale September 2013

 

 

 

 

 

 

 

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.

South Philadelphia Median Sold Prices

 

 

 

 

 

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%.

South Philly Sales versus List Price

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