National Outlook
Improved Affordability: Mortgage rates are expected to ease gradually while incomes rise.
Slow, Steady Price Growth: Home prices are projected to rise about 2–3%, avoiding major swings.
More Inventory, More Activity: New construction + more resales should boost sales volume.
Key Variables: Rates, inflation, and construction costs continue to shape the market.
What This Means for Philadelphia
Philly remains better-positioned than many coastal markets:
Stable price growth expected: moderate, not volatile.
High-demand neighborhoods continue attracting buyers seeking value vs larger cities.
More inventory should give buyers more choice, but turnkey homes in strong neighborhoods will still perform best.
A potential renter-to-buyer shift may boost demand in Center City.
Considering a 2025 move?
With spring historically being Philly’s strongest selling season, January-March is the ideal window to prep and position your home for the strongest results. Even if you’re simply curious about your home’s value or the best timing, I’m always here to talk through what these trends mean for your specific block and neighborhood. Reach out anytime!