Market Trends: Philadelphia County, February 2015

February sales were 20.4% higher than a year ago, erasing the deficit from January and bringing the year-to-date sales to 8% above
2014.

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Residential activity in Philadelphia County (Single-family and Condo)

Inventory
Total Inventory
Feb. 2015

7,266

Feb. 2014

7,114

Inventory Accumulation
Feb. 2015

7.0

Feb. 2014

6.9

Inventory declined by 0.5% during the month, and is just 2.1% higher than last year. The Months Supply of Inventory dropped from 7.1 months to 7.0
months during the month compared to 7.0 months a year ago.

Settled Listings
February Settled Listings
Feb. 2015

773

Feb. 2014

642

Year-to-date Settled Listings

Feb. 2015
Feb. 2014

1,543
1,426

February sales were 20.4% higher than last February and are now 8.2% above 2014 year-to-date.

Median Price
February Median Price
Feb. 2015
Feb. 2014

$132,450
$133,500

Year-to-date Median Price

Feb. 2015

$134,900

Feb. 2014

$135,000

February's median sold price of $132,450, is $1,050 lower than last February and year-to-date the median sold price is within $100 of the 2014 yearto-date sold price.

Settled Listings / Original Price

February Settled Price / Original Price
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Feb. 2015

91.7%

Feb. 2014

89.5%

Year-to-date Settled Price / Original Price

Feb. 2015

91.5%

Feb. 2014

83.7%

The sold price to original list price ratio in February was 91.7%, above the 89.5% last February. Year-to-date the ratio is almost 10% higher than in
2014.
See even more statistics like these in the following reports:
Single-Family Market History: Philadelphia County
Condo Market History: Philadelphia County
Single-Family Year-to-Date Market Snapshot: February 2015
Condo Year-to-Date Market Snapshot: February 2015

Average Showing Appointments Per Listing by Price Range

All Listings

4.7

$0k - $99k

4.9

$100k - $199k

4.2

$200k - $299k

5.0

$300k - $499k

5.6

$500k +

4.6

Appointments were up 31% compared to last February with appointments in the $200,000-$300,000 range up 45%.
See even more buyer activity in the following report:
Buyer Activity Report: Philadelphia County

What's happening in TREND's Market?

As expected, February sales were 16% above the 2014 level. The first 4 to 5 months of 2014 were adversely impacted by the severe winter weather, so
we are expecting to be well ahead of 2014 during the first half of the year. Pending sales were up 31% over last February, again somewhat due to the
weather last February, but still a promising sign for sales in the next 2 months.
Check out this and more with Dave Davis, our resident statistics guru, as he looks at the numbers for February 2015.

Settled Listings
Category
Residential
Lots, Land and Farms

Feb. 2014

Feb. 2015

Change

3,288

3,821

16.2%

73

88

20.6%

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Multi-Family

138

113

-18.1%

Commercial

102

116

13.7%

Sales in the TREND region were up 16% compared to last February, while Philadelphia county sales were up by 20%. Year-to-date sales in the TREND
region are up 9% and Philadelphia county is up 8%.

Median Price
Category

Feb. 2014

Feb. 2015

Change

Residential

$185,000

$185,500

0.0%

Lots, Land and Farms

$150,000

$91,250

-39.2%

Multi-Family

$110,000

$125,500

14.1%

Commercial

$125,000

$140,000

12.0%

The median sold price throughout the TREND region was the same as last February, while Philadelphia county showed a 0.8% decrease. Year-to-date
the median sold price in the TREND region is the same as last year and Philadelphia county is also almost equal to 2014.

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