April 2024 Market Update - Tom's Take 377

Curious about market trends? I've got you covered! From sales stats to what it means for you, let's dive in. 🏡 Sales Data: Up in Chester & Delaware, flat in Montgomery, down slightly in Philly. 💰 Median Sale Prices: Surging in the suburbs, up 9-15.2%! Philly up 2.9%. 📈 New Listings: Growing in the suburbs, down slightly in Philly. 🤝 Pending Sales: Up in the suburbs, down slightly in Philly. 📉 Mortgage Rates: Settling around 6.75%. What does it all mean? Here's the scoop: 🔍 Sellers: Rising inventory means planning is key. Philly's market varies by neighborhood! 🏠 Buyers: Act fast! Low mortgage rates and growing inventory mean competition is heating up. 💼 Get Expert Advice: With changing market dynamics, having a savvy agent on your side is crucial for success. Ready to make a move? Let's chat! 📞 https://calendly.com/tomtoole