Interactive Tools

June’s Philadelphia Housing Index Remains Flat, at All-Time High

July 20, 2017 / Comments Off on June’s Philadelphia Housing Index Remains Flat, at All-Time High

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 […]

Read More

Step By Step: How to Create an ‘R’ Shiny App

July 14, 2017 / Comments Off on Step By Step: How to Create an ‘R’ Shiny App

In a previous Step By Step by my fellow analyst James Midkiff, readers were introduced to the statistical software ‘R’, and how ESI increasingly uses this resource for analyses. In this week’s post I build on what James introduced and show readers how to implement a Shiny App tool with ‘R’. As Present Value readers […]

Read More

The Philadelphia Housing Index Flattens in May

June 23, 2017 / Comments Off on The Philadelphia Housing Index Flattens in May

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 […]

Read More

Philadelphia Housing Prices Are Up 22% in the Last 12 Months

May 19, 2017 / Comments Off on Philadelphia Housing Prices Are Up 22% in the Last 12 Months

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 […]

Read More

Philadelphia Housing Index: The El’s Impact on Neighborhood Premium

March 31, 2017 / Comments Off on Philadelphia Housing Index: The El’s Impact on Neighborhood Premium

You may have noticed, we think a lot about the value of public transportation around here. So we paid extra attention when the Inquirer and Billy Penn introduced a fascinating series on the importance of the El to Philadelphia. Weekday ridership on the El (officially, the Market-Frankford Line) has increased by 20% since 2001, and […]

Read More

CCD’s 2017 Housing Report Used PHI to Showcase Growth in Center City

February 20, 2017 / Comments Off on CCD’s 2017 Housing Report Used PHI to Showcase Growth in Center City

On February 16, 2017, Center City District (CCD) released their 2017 Housing Report: Building on Optimism, focusing on Philadelphia’s record number in new residential units in this past year and the incredible growth occurring in Center City. According to the report, over 2,500 new units were created in Greater Center City with a 15.5% increase […]

Read More