In a rapidly changing market, knowledge is the key to success.  Knowledge of current market conditions, combined with an understanding of past conditions provides unique insight into current realities and future trends.  If you want to know what is going on the marketplace, Educated Realty will find the answers.  Research and commitment to professionalism provide the edge you need.  Knowledge of residential resale markets, combined with experience working on forms committees and professional standards committees at the state level make Educated Realty "a wise choice."

This chart details the drop in "sold" properties in the Philadelphia area over the past three years.  2005 marked the peak of residential, resale unit activity in the area.  Since then, the number of closing deteriorated every year - falling to the fewest sales of the decade in 2008.

Though the number of sales declined sharply in the last few years, median prices remained above the harrowing tales of other markets.  Regionally, our prices were lower by 2%-5% through 2008.  This represents a more stable real estate market than many of the nationally reported information that is available.

Inventory continues to be a stumbling block to a real estate market recovery, but it showed signs of stabilizing at the end of 2008.

Going into January 2009, there were 28,000+ residential, resale properties on the market in the Philadelphia area.  In 2008, an average of approximately 4,000 properties setteld per month.  This leaves us with 7+ months of inventory going into 2009.

The good news is there are fewer "active" residential properties on the market going into 2009 than there were going into 2008.  The difference is small but, hopefully, significant.  If the trend of having fewer active properties available than the previous year continues into the spring, our regional market will be less volatile.

3-5 months of inventory are signs of a stable market.  We are in a buyer's market.

If you need more information before you make a real estate decision, call Educated Realty.