July 26, 2019
2Q19 VERY Insight Market Report
It is our pleasure to present the 2Q19 VERY Insight Report, our quarterly examination of residential market trends in Philadelphia and its surrounding counties.
Second quarter results confirmed a shift to a Buyer’s Market. Interest rates declined, inventory increased and Days on Market ticked up over the quarter.
Center City experienced a slight year-over-year decline in Average Sold Price. Prices remained steady or increased in greater Philadelphia county and the surrounding suburbs.
At VERY, one of our core values is ‘We Share Knowledge at Every Opportunity’. The VERY Insight report was created in 2014 to provide our clients, business partners and friends with a picture of the market that we serve.
We hope you enjoy our report. And as always, please reach out with questions.