Sunday, May 19, 2013

Sales are up, prices are up, and supply is down

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As you can see from the above graph, real estate is picking up in Philadelphia.

Not only are prices rising, but the biggest highlight is that supply is down ... drastically (for both Total Homes For Sale and Months of Supply). Very good signs that things are improving from 1 year ago, and that the market is shifting from a "Buyer's Market" to a "Seller's Market."

Positive news for Philadelphians.

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