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Philadelphia Area Market Report

By
Real Estate Agent with RE/MAX Legacy PARE # RS208307

Market report for the 13 counties surrounding Philadelphia

 

Residential CountySoldAverage PriceMedian PricePending
  Nov. '11 Nov. '10 % Chg Nov. '11 Nov. '10 % Chg Nov. '11 Nov. '10 % Chg Nov. '11 Nov. '10 % Chg
Berks 244 226 7.96% $148,627 $168,022 -11.54% $141,000 $155,000 -9.03% 241 239 0.84%
Bucks 364 351 3.70% $303,165 $321,060 -5.57% $263,000 $280,000 -6.07% 357 333 7.21%
Burlington 256 265 -3.40% $212,629 $238,283 -10.77% $200,000 $230,000 -13.04% 255 273 -6.59%
Camden 254 219 15.98% $170,197 $185,447 -8.22% $158,000 $170,000 -7.06% 234 219 6.85%
Chester 338 312 8.33% $349,470 $337,288 3.61% $312,000 $296,000 5.41% 349 327 6.73%
Delaware 308 290 6.21% $238,841 $265,517 -10.05% $193,000 $197,000 -2.03% 312 255 22.35%
Gloucester 152 137 10.95% $194,480 $207,686 -5.07% $180,000 $195,000 -7.69% 151 137 10.22%
Kent 101 75 34.67% $176,980 $203,107 -12.86% $178,000 $206,000 -13.59% 118 81 45.68%
Mercer 196 197 -0.51% $319,694 $347,807 -8.08% $230,000 $255,000 -9.80% 215 191 12.57%
Montgomery 559 493 13.39% $281,460 $331,647 -15.13% $249,000 $265,000 -6.04% 511 462 10.61%
New Castle 390 308 26.62% $198,485 $236,857 -16.20% $191,000 $210,000 -9.05% 438 316 38.61%
Philadelphia 734 663 10.71% $180,010 $169,068 6.47% $124,000 $119,000 4.20% 803 763 5.24%
Salem 26 28 -7.14% $146,077 $154,536 -5.47% $150,000 $150,000 0.00% 17 30 -43.33%
Total 3922 3564 10.04% $233,740 $253,012 -7.62% $196,000 $210,000 -6.67% 4001 3626 10.34%

 

Overall sales activity for Residential properties in TREND’s MLS Coverage Area increased 10% in November 2011 compared to November 2010, according to stats generated by MLS Blue.

 

Not to be outdone, Pending listings also saw an increase of 10% over that same time period.