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Some Much For Brotherly Love: Philly Sees Higher Prices But Fewer Sales

This quarterly market report is provided by Dr. Kevin Gillen, an economist at the Real Estate Department of the Wharton School and Fellow of the University of Pennsylvania. He analyzes the Philadelphia real estate market using the city’s real estate database through Hallwatch [1], a watchdog group. The results are published in a research paper called Philadelphia House Price Indices each quarter as a public service to the Philadelphia real estate community. Here’s his methodology [pdf] [2].

The report is always informative and I am glad I am able to present his efforts on Matrix -Jonathan Miller

Download the full report [pdf] [3].

Read the Hallwatch article on the market: Philly Real Estate: Mixed Signals Suggests Transition [4]

The Philadelphia real estate market is characterized by a modest increase in prices, but a lower level of sales activity. Here’s a few salient points made by Kevin:

More discussion concerning the report [Hallwatch.org] [4]. Hallwatch [1] is a private and independently maintained watchdog website that does a lot of in-depth, independent and investigative pieces on city politics, as well as real estate.