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2021

Market Insights

City Of Philadelphia

Latest Issue — 2021 Report No. 2

A Message From Our CEO

2021 is off and running...and optimism is rising

2021 is off and running. As the light at the end of the COVID-19 tunnel becomes brighter, optimism is rising, and the brisk real estate market we experienced in the last six months of 2020 continues to run strong. In this edition of the Center City Philadelphia Market Insights, we'll explore not only the numbers, but what they mean for home buyers and sellers.

Larry Flick V

Chief Executive Officer

No

– by the numbers –
Q1 2021 Compared to Q1 2020

-19%
Decrease in Housing Inventory
+8%
Increase in average home value, leading to shorter listing times and higher prices
+15%
Increase in the number of homes sold
3.00%
Average mortgage rate, still near all-time lows increasing affordability

Latest Issue

City of Philadelphia No.2 2021

The latest Philadelphia real estate market trends from the 1st Quarter of 2021

view report

Past City of Philadelphia Reports

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