housing market
This month’s PHI update could have a nearly identical headline as this time last year –the index remains relatively flat, though at an all-time high. That remains true for the city overall, with a very slight increase from May to June and a 9 percent year-over-year increase since June 2017. Looking more closely at a […]
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The Philadelphia Housing Index remained flat in June, though prices remain at an all-time high. The apparent slowdown of last month persisted, as season- and quality-adjusted sales prices in June held steady. Just how much work is that seasonal adjustment doing, though? Here are the unadjusted median sales prices of each month. Notice that we […]
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Though the Market Remains at Record Highs After a huge March and April for Philadelphia housing sales, May prices settled and the housing index remained flat. It’s important to not overreact to what could very well be noise (notice that the observed prices in May—the last dot on the plot—is off of the trend line […]
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An average Philadelphia house sold for $112K in April (these numbers are seasonally-adjusted, smoothed over time, and adjusted for housing traits), compared to $92K in April 2016. This means that prices are up 6.1% over the last quarter and a whopping 22.2% over the last year. This increase mostly represents skyrocketing demand, though it also […]
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Another week, another update to our Philadelphia Housing Index. Last week, we provided indices for school catchment areas. This week: neighborhoods. Philadelphia Neighborhoods We calculated indices for each of Philadelphia’s 67 neighborhoods. [1] Similar to the Elementary School Indices, these neighborhoods are fairly small, and require more smoothing over time than larger districts. Let’s look at some […]
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