Increased Unit Sales in the Philadelphia Area*
This chart illustrates there were fewer new listings ("New") in the first half of 2012 than in the previous 10 years. In addition, there were more closed units ("Sold") than in 2011 or 2009 (2010 was abnormally high becauseof the tax credit). These indicators point to a more stable market and, for the first time in 6 years, a recovery (albeit s-l-o-w) in the Philadelphia area* real estate market.
*Statistics are from the TREND MLS Philadelphia area: includes Berks, Bucks, Chester, Delaware, Montgomery and Philadelphia counties in PA; and Burlington, Camden, Gloucester and Mercer counties in NJ.