July 2025 Report
Philadelphia Metro
Philadelphia | July 2025
Home Demand Index
The Home Demand Index (HDI) for the Philadelphia metro area stands at 86 in the latest report, down from 92 in the prior month but notably higher than the 75 recorded during the same period last year. This movement reflects a modest month-over-month softening that is typical for early summer, yet the year-over-year increase signals a strengthening market compared to 2024. Despite the recent dip, buyer demand remains within the Steady range, supported by sustained interest in key submarkets and easing economic uncertainty.
Demand across home types in Philadelphia shows notable variation, with entry-level single-family homes recording an index of 78—down from 85 last month but up from 65 a year ago—indicating moderate but softening interest in affordable segments. Mid-range single-family homes also experienced a slight decline, with the index dropping to 81 from 86 in the prior month, suggesting some cooling in activity among move-up buyers. Despite these month-over-month declines, both segments remain above year-ago levels, pointing to a generally stronger market compared to last year. This pattern reflects shifting buyer dynamics, likely influenced by changes in inventory availability and evolving affordability expectations.
Monthly Statistics for July 2025
Home Demand
Index
Index
86
(Slow)
Home Demand Index
from prior month
from prior month
92
Home Demand Index
from prior year
from prior year
75
Index change
from prior month
from prior month
-6.5%
Index change from
same time last year
same time last year
14.7%
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | July 2025
Home Demand Index | Historical Year-over-Year Comparison
The latest report shows an HDI reading of 86, representing a meaningful year-over-year gain from the 75 recorded during the same period last year. Although the index declined from 92 last month, this type of seasonal tapering is not uncommon as the market moves through mid-summer. Over the past 12 months, the HDI trend in Philadelphia has shown steady improvement, underscoring a gradually strengthening housing market with more consistent buyer engagement.
Home Demand Index
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | July 2025
Home Demand Map
Buyer demand across the Philadelphia metro area remains geographically uneven. Kent and Bucks counties continue to show a moderate interest, reflecting their strong positioning and inventory turnover. In contrast, demand in New Jersey counties remains limited, and coastal markets such as Ocean County continue to lag, suggesting ongoing buyer caution in more price-sensitive or discretionary segments.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | July 2025
Demand and Inventory by Home Type
Demand across home types in Philadelphia shows notable variation, with entry-level single-family homes recording an index of 78—down from 85 last month but up from 65 a year ago—indicating moderate but softening interest in affordable segments. Mid-range single-family homes also experienced a slight decline, with the index dropping to 81 from 86 in the prior month, suggesting some cooling in activity among move-up buyers. Despite these month-over-month declines, both segments remain above year-ago levels, pointing to a generally stronger market compared to last year. This pattern reflects shifting buyer dynamics, likely influenced by changes in inventory availability and evolving affordability expectations.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | July 2025
Single Family Home Below $350k
The index for entry-level single-family homes in Philadelphia stands at 78 this month, down from 85 in the prior period but up from 65 one year ago. The month-over-month decline suggests a cooling in buyer activity, though the year-over-year improvement signals a stronger market relative to 2024. Affordability pressures and constrained inventory remain persistent challenges in this segment, continuing to limit upward momentum in demand.
Monthly Statistics for Single Family Home Below $350k
Home Demand
Index
Index
78
(Slow)
Home Demand Index
from prior month
from prior month
85
Home Demand Index
from prior year
from prior year
65
Months of
inventory
inventory
1.9
Average daily inventory last month
1,154
Inventory sold
last month
last month
605
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | July 2025
Single Family Home $350k - $775k
The index for mid-range single-family homes in Philadelphia stands at 81 this month, down from 86 in the prior period but up from 73 one year ago. The modest month-over-month dip reflects a slight easing in buyer interest, while the year-over-year gain indicates improving demand relative to last summer. Despite the recent decline, steady buyer engagement in this price range points to continued market resilience.
Monthly Statistics for Single Family Home $350k - $775k
Home Demand
Index
Index
81
(Slow)
Home Demand Index
from prior month
from prior month
86
Home Demand Index
from prior year
from prior year
73
Months of
Inventory
Inventory
1.6
Average daily inventory last month
3,221
Inventory sold
last month
last month
1,969
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | July 2025
Single Family Home Above $775k
The index for luxury single-family homes in Philadelphia is 82, down from 94 last month but up from 74 a year ago. The decline from the prior period suggests a short-term cooling in high-end buyer activity, possibly reflecting seasonal trends or buyer hesitation amid economic uncertainty. However, the year-over-year increase indicates improved demand compared to last summer, signaling moderate strength in the luxury segment.
Monthly Statistics for Single Family Home Above $775k
Home Demand
Index
Index
82
(Slow)
Home Demand Index
from prior month
from prior month
94
Home Demand Index
from prior year
from prior year
74
Months of
Inventory
Inventory
2.2
Average daily inventory last month
1,405
Inventory sold
last month
last month
642
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | July 2025
Condo Below $425k
The index for entry-level condos in Philadelphia stands at 106 this month, down slightly from 108 last month but notably higher than the 80 recorded a year ago. The modest month-over-month decline suggests a small pullback in demand, while the year-over-year increase reflects sustained buyer interest in this more affordable segment. Entry-level condos continue to benefit from their relative accessibility in a high-cost market.
Monthly Statistics for Condo Below $425k
Home Demand
Index
Index
106
(Steady)
Home Demand Index
from prior month
from prior month
108
Home Demand Index
from prior year
from prior year
80
Months of
Inventory
Inventory
4.1
Average daily inventory last month
1,166
Inventory sold
last month
last month
286
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | July 2025
Condo Above $425k
The index for luxury condos in Philadelphia is 102 this month, down from 120 last month but up from 96 one year ago. This month-over-month decline points to softening interest at the high end of the condo market, potentially influenced by seasonal shifts or pricing sensitivity. Despite this easing, the year-over-year increase underscores ongoing buyer confidence in the luxury condo segment.
Monthly Statistics for Condo Above $425k
Home Demand
Index
Index
102
(Steady)
Home Demand Index
from prior month
from prior month
120
Home Demand Index
from prior year
from prior year
96
Months of
Inventory
Inventory
4.8
Average daily inventory last month
305
Inventory sold
last month
last month
64
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | July 2025
Townhouse/Rowhouse/Twin All prices
Townhouse/
Rowhouse/Twin
All prices
The index for townhouses, rowhouses, and twins in Philadelphia stands at 91 this month, down from 97 last month but up from 81 one year ago. The decline from the prior period indicates a modest drop in demand, yet the year-over-year improvement highlights a more active market compared to last summer. Buyer interest in attached homes remains relatively stable, supported by their value proposition and limited inventory.
Monthly Statistics for Townhouse/Rowhouse/TwinAll prices
Home Demand
Index
Index
91
(Steady)
Home Demand Index
from prior month
from prior month
97
Home Demand Index
from prior year
from prior year
81
Months of
Inventory
Inventory
2.9
Average daily inventory last month
6,478
Inventory sold
last month
last month
2,264
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Note
1. This report is generated with data from the following counties:
- Central Pennsylvania – Adams, PA; Berks, PA; Cumberland, PA; Dauphin, PA; Franklin, PA; Fulton, PA; Lancaster, PA; Lebanon, PA; Perry, PA; Schuylkill, PA; York, PA;
- Ocean County – Ocean, NJ;
- Philadelphia Metro – Bucks, PA; Burlington, NJ; Camden, NJ; Chester, PA; Delaware, PA; Gloucester, NJ; Kent, DE; Mercer, NJ; Montgomery, PA; New Castle, DE; Philadelphia, PA;
- Salem-Cumberland – Cumberland, NJ; Salem, NJ;
2. This report is for the July 2025 period with data collected from the previous month.
Released: July 10, 2025
Reference ID: 2271
Philadelphia | July 2025
Home Demand Map (Zip Codes)
Buyer demand across the Philadelphia metro area remains geographically uneven. Kent and Bucks counties continue to show a moderate interest, reflecting their strong positioning and inventory turnover. In contrast, demand in New Jersey counties remains limited, and coastal markets such as Ocean County continue to lag, suggesting ongoing buyer caution in more price-sensitive or discretionary segments.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com