2022

Market Insights

Latest Issue — Q3 2022 Report

A mESSAGE FROM OUR CEO

What's Up and What's Down

Our economy is experiencing rising inflation, declining consumer confidence and a bear market. It may sound like doom and gloom but it’s times like these when we need to take a deep breath and take the time to assess the situation.

Larry Flick V

Chief Executive Officer

No

– By The Numbers –
Q3 2022 compared to Q3 2021

-4.6%
Home Sales
-1.11%
Number of Houses for Sale
-10.98%
Pending Sales
+11.6%
Average Sale Price
-8.9%
Home Sales
-13.97%
Pending Sales
-16.79%
Number of Houses for Sale
+13.6%
Average Sale Price
-3.4%
Home Sales
-13.45%
Pending Sales
-17.73%
Number of Houses for Sale
+4.5%
Average Sale Price
Even
Home Sales
-9.8%
Number of Houses for Sale
-8.48%
Pending Sales
+5.8%
Average Sale Price
-8.2%
Home Sales
-25.55%
Pending Sales
-41.19%
Number of Houses for Sale
+2.5%
Average Sale Price
+5.2%
Home Sales
Even
Number of Houses for Sale
-2.75%
Pending Sales
+3.2%
Average Sale Price
+2%
Home Sales
-18.23%
Number of Houses for Sale
-4.11%
Pending Sales
+17.6%
Average Sale Price
-14.3%
Home Sales
-22.34%
Number of Houses for Sale
-18.17%
Pending Sales
+11.1%
Average Sale Price
-22.8%
Homes Sold
-7.68%
Number of Homes for Sale
-25.8%
Pending Sales
+10.6%
Average Sale Price
-11%
Houses Sold
-14.6%
Pending Sales
+1.3%
Number of Houses for Sale
+8%
Average Sale Price
38%
Decrease in home sales
5.11%
Average mortgage rate (30-year fixed)
44%
Decrease in inventory
6.9%
Increase in average sales price
11.5%
Increase in home sales
3.2%
Average mortgage rate (30-year fixed)
18.6%
Decrease in inventory
9.5%
Increase in average sales price
18%
Increase in home sales
3.05%
Average mortgage rate (30-year fixed)
8%
Decrease in inventory
6.74%
Increase in average sales price
31%
Increase in home sales
3.00%
Average mortgage rate (30-year fixed)
33%
Decrease in inventory
18%
Increase in average sales price

The reports

Choose a region to get local insights and a forecast of what’s to come.

Southeastern Pennsylvania

Southern New Jersey

City Of Philadelphia

Philadelphia's Main Line

South Jersey Shore

Lehigh Valley

Central New Jersey

Central Jersey Shore

Northern Delaware

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