Philly’s housing market is changing. Here are 5 takeaways from recent trends.

Philadelphia home sales were down significantly ...

And it’s a 51% drop from the first quarter of 2022, when the city hit a record of roughly 8,700 sales. Sales last quarter fell further than normal for the time of year.The average house price citywide fell in Philadelphia ... ... but appreciation has been slowing since summer 2021, when prices were 12.1% higher than the year before. The average increase in home values in the city was outpaced by average increases in the metropolitan area as a whole and nationwide.

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