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2024

Market Insights

Latest Issue — SPRING 2024 Report

A mESSAGE FROM OUR CEO

"A Spring Shift"

So far this year, market activity in our area has remained similar to last year: There are still more buyers than sellers, the inventory of homes for sale remains tight, and average sales price continues to rise. This is a market that can be challenging for potential buyers, but rewarding to sellers, who have an advantage if their properties show well and are priced right.
However, we are in the midst of what could be a considerable shift in the spring market. Click on your region’s report to learn more.

Larry Flick V

Chief Executive Officer

No

– By The Numbers –
Q3 2022 compared to Q3 2021

-4.6%
Home Sales
-1.11%
Number of Houses for Sale
-10.98%
Pending Sales
+11.6%
Average Sale Price
-8.9%
Home Sales
-13.97%
Pending Sales
-16.79%
Number of Houses for Sale
+13.6%
Average Sale Price
-3.4%
Home Sales
-13.45%
Pending Sales
-17.73%
Number of Houses for Sale
+4.5%
Average Sale Price
Even
Home Sales
-9.8%
Number of Houses for Sale
-8.48%
Pending Sales
+5.8%
Average Sale Price
-8.2%
Home Sales
-25.55%
Pending Sales
-41.19%
Number of Houses for Sale
+2.5%
Average Sale Price
+5.2%
Home Sales
Even
Number of Houses for Sale
-2.75%
Pending Sales
+3.2%
Average Sale Price
+2%
Home Sales
-18.23%
Number of Houses for Sale
-4.11%
Pending Sales
+17.6%
Average Sale Price
-14.3%
Home Sales
-22.34%
Number of Houses for Sale
-18.17%
Pending Sales
+11.1%
Average Sale Price
-22.8%
Homes Sold
-7.68%
Number of Homes for Sale
-25.8%
Pending Sales
+10.6%
Average Sale Price
-11%
Houses Sold
-14.6%
Pending Sales
+1.3%
Number of Houses for Sale
+8%
Average Sale Price
38%
Decrease in home sales
5.11%
Average mortgage rate (30-year fixed)
44%
Decrease in inventory
6.9%
Increase in average sales price
11.5%
Increase in home sales
3.2%
Average mortgage rate (30-year fixed)
18.6%
Decrease in inventory
9.5%
Increase in average sales price
18%
Increase in home sales
3.05%
Average mortgage rate (30-year fixed)
8%
Decrease in inventory
6.74%
Increase in average sales price
31%
Increase in home sales
3.00%
Average mortgage rate (30-year fixed)
33%
Decrease in inventory
18%
Increase in average sales price

The reports

Choose a region to get local insights and a forecast of what’s to come.

Southeastern Pennsylvania

Southern New Jersey

City Of Philadelphia

Northern New Jersey

Philadelphia's Main Line

South Jersey Shore

Lehigh Valley

Central New Jersey

Central Jersey Shore

Northern Delaware

Luxury Insights