More Homes, Less Competition: Philly Market Update | Tom's Take 487

The latest Greater Philadelphia housing market data is in, and there are a few important trends buyers and sellers need to understand. Closed sales are down, prices are still rising, inventory is up, and showings are down compared to last year. That means buyers may have more options and slightly less competition, but sellers still have the advantage in many suburban markets because inventory remains well below a balanced market. In this episode of Tom's Take, Tom Toole breaks down what the May housing data means across the Greater Philadelphia area, including Chester County, Delaware County, Montgomery County, the Main Line, and Philadelphia. For buyers, the message is simple: do not quit your home search right when more options are coming to market. For sellers, pricing correctly from the beginning matters more than ever. If you are thinking about buying or selling, schedule a call with our team using the link in the comments.