2022

Market Insights

Southeastern Pennsylvania

Latest Issue — Q1 2022 Report

A MESSAGE FROM OUR CEO

Change is Happening.

Change is happening, and fast. We've all noticed that prices are rising. In an attempt to curb inflation, the Federal Reserve Bank raised its funds rate for the first time since 2018. And, it anticipates six more rate hikes for the rest of the year. As a result, interest rates are climbing. How will this impact home buyers and sellers?

Larry Flick V

Chief Executive Officer

No

– By The Numbers –
Q1 2022 compared to Q1 2021

12%
Decrease in home sales
5.11%
Average mortgage rate, 30-year fixed
17%
Decrease in inventory
5%
Increase in average sales price
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