The usually busy spring housing market is off to a slower start this year, thanks to higher mortgage rates, uncertainty in the economy, and relatively few homes for sale.
But the Philly metro area’s housing market has been stronger than many others in the Mid-Atlantic region, according to the multiple listing service Bright MLS. Low housing supply has kept prices rising. April is usually one of the busiest months of the year. Last month, home prices and pending sales both grew, but not as much as usual for the time of year.🔺 1.2% increase in median sales price compared to a year earlier. It was the smallest annual price increase since June 2020.🔺 2.4% increase in new pending sales between March and AprilYou can see the Center City skyline through these windows. Where is this?Shout out to Tawnie W., Jack M., and Mare G.
But the winner so far is Len F., who owns a farmhouse in Lower Providence Township, Montgomery County, that he bought in 1974. He said it was built around 1702.
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