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Philadelphia Real Estate Market Reports

Philly’s median rent, home values, both increased in 2019

Meanwhile, the number of homes on the market fell

City program will offer $10K assistance to first-time homebuyers

The program is for Philadelphia residents exclusively, and aims to combat rising house costs.

Philly’s five most walkable neighborhoods

Look in greater Center City neighborhoods if you want to get from point A to point B by foot.

How affordable is buying a home in Philly versus the rest of the country?

A new study says Philly is right in the middle

What’s the best time of year to start renting in Philly?

A new study suggests signing a lease in the winter

Report: Philly ranks among top cities with largest rent increases

Rising rental prices with a low increase in household incomes

Bill introduced to give City Council final say on property values

After a shocking spike in home values

Two-bedroom rents in Philly jumped in February, while one-bedroom rents stayed flat

The latest figures mean that the city is among the 20 most expensive nationwide for renting either size apartment. But they also mean that Philly is among the cheapest along the Northeast corridor.

Point Breeze, Mill Creek, and Kensington rents grew most during the past 12 months: Report

Cedar Park, Dunlap, and Haddington saw the biggest median rent declines.

Philly should expect strong apartment construction activity in 2018, report says

After a record-setting 2017, Philly’s apartment construction activity is expected to "remain strong" throughout 2018, before slowing down in the years that follow.

Most Philadelphians want to buy their next home right here in Philly, report says

A new Redfin report shows that Philly house hunters aren’t looking very far to make their next move, with nearly 9 out of 10 homebuyers looking to buy in Philly.

Report: Philly saw nearly 9 percent increase in new construction in 2017

Although more building permits were issued in 2017 than in 2016, there was still a major slowdown in the pace of new construction growth overall, according to Fixlist’s latest report.

Report: Greater Center City population is growing, especially east of Broad

a new report that breaks population growth down by zip code shows that the neighborhoods east of Broad Street are significantly outpacing the rest of Center City.

These are the best and worst months to rent in Philly

Winter is the best time to rent in Philly thanks to low monthly rents, according to a new Renthop report.

Philly’s housing inventory dipped to all-time low (again) at end of 2017

Fourth quarter numbers show that Philly’s real estate market experienced both a tight inventory and a fall in house prices. Is relief on the way?

Report: 1 in 6 Philly homes sold over asking in 2017

About 17 percent of homes for sale in Philly fetched above their original asking price in 2017, a trend that’s on the rise since 2012.

How Philly’s housing prices stack up at the start of 2018

There’s a really wide range between more than a dozen neighborhoods, a sign of a healthy housing market, according to a new report.

Nearly 50 percent of Philadelphia minorities are homeowners, report says

Real estate website Adobo recently found that 49.5 percent of minorities in Philadelphia are homeowners, which is slightly above the national average of 46 percent minority homeowners.

Philly’s 30th Street is one of the priciest streets in the US

The stretch of 30th Street between Walnut and Arch streets in University City is one of the priciest streets in the U.S.—and it’s only likely to become more expensive in the coming years.

Philly’s suburban housing market remains sluggish, report says

A new analysis finds that the housing market in Philadelphia’s suburbs decelerated in the third quarter and remains sluggish compared to city homes.

Top Philly real estate trends to expect in 2018

From new kinds of renters to a coworking boom, here are five of the top real estate trends to keep an eye out for come 2018.

Report: Philly will see 8M square feet of construction deliver in 2018

If you thought 2017 was a big year for Philly development, just wait until next year: More than 8 million square feet of development is expected to deliver in 2018.

Report: Philly’s condo market continues recovery slowly but surely

Despite posting its best third quarter results in 10 years, Philadelphia’s condo market is still struggling to play catch up to the city’s hot single-family housing market. Why the discrepancy?

53 percent of Philly renters are cost-burdened, says new report

In 2016, just over half of Philly renters paid too much of their income on rent. How does that compare to the rest of the U.S.?

Baby boomers are the Philly region’s next wave of renters, report says

New research shows that it’s not just millennials that this city should be banking on when it comes to its apartment market. Baby boomers are on track to be the next big wave of renters in Philly and across the country.

New homes in Philly cost 188 percent more than old houses, report says

Looking to buy a new house in the Philly metro? It’ll cost you a lot more than opting for one of its older homes. It’s the third highest markup in the country, according to a new Trulia report.

Philly’s housing market is still hot, but relief may be on the way

The latest third quarter numbers are in for Philly’s housing market, and the biggest takeaway is that while the city’s real estate is still hot, relief may be on the way.

How might Amazon’s HQ2 impact Philly rents?

Amazon could bring 50,000 employees to whatever city it chooses for its HQ2. What does that means for rents in Philly, a city that consistently touts its affordability? A new report finds out.

How Philly home prices stack up right now, by neighborhood

See which areas of the city are the most and the least expensive for buying in October.

The current state of Philly’s churches and sacred spaces, in five charts

Pew’s latest report reveals the ins and outs of Philly’s sacred spaces, from where they’re located, where they’ve been demolished, and how they function today.

Latest report ranks Philly as third best metro for Amazon HQ2

A new data-driven report by Moody’s Analytics says Austin, Atlanta, and Philly are the top three places for Amazon’s second headquarters. But one other factor could push Philly to first place.

Philly’s least expensive homes are leading its housing recovery, study says

But that’s not the case in the rest of the U.S.

Philly ranks 8th in nation for green residential projects

A new ranking reveals that Philly has 909 LEED-certified residential projects under its belt. But that pales in comparison to other major U.S. cities.

How Philly home prices stack up by neighborhood right now

See which areas of the city are the most and the least expensive for buying in September.

Philly’s median rent is on the steady rise, reports say

All signs point to pricier one-bedroom and two-bedroom rents in Philly.

30 percent of Philly metro homes more valuable than ever, report says

Yet home values here are still slightly below their pre-bubble peak, which means that Philly still has some catching up to do compared to other major U.S. metro housing markets.

New report reveals where Philly is growing and where it’s not

A Next City analysis highlights the progress in Philly’s 55 neighborhoods over the course of five years.

These are the Philly metro’s $1 million neighborhoods

Four new zip codes have joined the ranks since 2014, and only three are within Philly’s city limits.

HUD Report: Philly’s severe housing problems are on the rise

A new report finds that the number of cost-burdened renters or households living in sub-par conditions is on the rise.