February 2026 Report
Philadelphia Metro
Philadelphia | February 2026
Home Demand Index
The Home Demand Index (HDI) for the Philadelphia metro area is 60 this report period, reflecting a notable increase from 47 last month and signaling a rebound in buyer activity. Compared with the same period last year, when the index stood at 65, demand remains modestly lower on a year-over-year basis. Overall, market conditions point to improving momentum month over month, though activity has not fully returned to last year’s levels.
Demand by home type in Philadelphia shows renewed divergence this report period, with entry-level single-family activity improving modestly while remaining below last year’s levels. Mid-range single-family metrics indicate a sharp rebound from last month, though volatility suggests activity is being driven more by limited inventory than broad-based demand. Overall, buyer engagement remains uneven across segments, reflecting selective purchasing behavior and sensitivity to pricing and availability.
Monthly Statistics for February 2026
Home Demand
Index
Index
60
(Limited)
Home Demand Index
from prior month
from prior month
47
Home Demand Index
from prior year
from prior year
65
Index change
from prior month
from prior month
27.7%
Index change from
same time last year
same time last year
-7.7%
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | February 2026
Home Demand Index | Historical Year-over-Year Comparison
Philadelphia’s HDI registers 60 this report period, rising from 47 last month but remaining below the 65 recorded during the same period last year. The month-over-month increase points to renewed buyer engagement, while the year-over-year gap suggests demand has not fully recovered to prior levels. Viewed across the past 12 months, the trend reflects a market that softened into late winter before showing early signs of recovery.
Home Demand Index
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | February 2026
Home Demand Map
Buyer demand across the Philadelphia metro area remains uneven. Philadelphia and Delaware counties, along with Kent and New Castle counties, are showing slow demand, while Montgomery, Bucks, and Chester counties are limited. New Jersey counties and coastal areas also remain in limited demand, highlighting persistent geographic differences in market activity.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | February 2026
Demand and Inventory by Home Type
Demand by home type in Philadelphia shows renewed divergence this report period, with entry-level single-family activity improving modestly while remaining below last year’s levels. Mid-range single-family metrics indicate a sharp rebound from last month, though volatility suggests activity is being driven more by limited inventory than broad-based demand. Overall, buyer engagement remains uneven across segments, reflecting selective purchasing behavior and sensitivity to pricing and availability.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | February 2026
Single Family Home Below $362k
The index for entry-level single-family homes in Philadelphia is 61 this report period, up from 51 last month but below last year’s level of 66. The month-over-month increase points to improving buyer interest, though demand remains comparatively restrained on an annual basis. This segment continues to reflect affordability pressures and limited inventory, keeping activity in the Limited range.
Monthly Statistics for Single Family Home Below $362k
Home Demand
Index
Index
61
(Limited)
Home Demand Index
from prior month
from prior month
51
Home Demand Index
from prior year
from prior year
66
Months of
inventory
inventory
2.6
Average daily inventory last month
1,080
Inventory sold
last month
last month
415
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | February 2026
Single Family Home $362k - $803k
The index for mid-range single-family homes in Philadelphia stands at 52 this report period, up from 38 last month but below last year’s level of 56. The month-over-month gain signals a rebound in buyer activity following a weaker prior period. Despite this improvement, demand remains below last year, indicating continued sensitivity to pricing and financing conditions.
Monthly Statistics for Single Family Home $362k - $803k
Home Demand
Index
Index
52
(Limited)
Home Demand Index
from prior month
from prior month
38
Home Demand Index
from prior year
from prior year
56
Months of
Inventory
Inventory
2.3
Average daily inventory last month
2,249
Inventory sold
last month
last month
982
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | February 2026
Single Family Home Above $803k
The index for luxury single-family homes in Philadelphia is 32 this report period, up slightly from 25 last month but well below last year’s level of 41. While the month-over-month increase suggests modest renewed interest, overall demand remains subdued. The luxury segment continues to operate in the Limited category, reflecting cautious buyer behavior at higher price points.
Monthly Statistics for Single Family Home Above $803k
Home Demand
Index
Index
32
(Limited)
Home Demand Index
from prior month
from prior month
25
Home Demand Index
from prior year
from prior year
41
Months of
Inventory
Inventory
2.6
Average daily inventory last month
658
Inventory sold
last month
last month
250
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | February 2026
Condo Below $430k
The index for entry-level condos in Philadelphia stands at 87 this report period, rising from 68 last month and slightly above last year’s level of 86. The month-over-month increase indicates strengthening buyer interest, likely driven by relative affordability compared with other home types. Year-over-year stability suggests this segment continues to provide a consistent entry point for buyers.
Monthly Statistics for Condo Below $430k
Home Demand
Index
Index
87
(Slow)
Home Demand Index
from prior month
from prior month
68
Home Demand Index
from prior year
from prior year
86
Months of
Inventory
Inventory
5.1
Average daily inventory last month
909
Inventory sold
last month
last month
177
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | February 2026
Condo Above $430k
The index for luxury condos in Philadelphia stands at 82 this report period, up from 59 last month but below last year’s level of 101. The month-over-month rebound points to renewed activity following a softer prior period. However, the year-over-year decline indicates that demand remains more muted than it was at this time last year.
Monthly Statistics for Condo Above $430k
Home Demand
Index
Index
82
(Slow)
Home Demand Index
from prior month
from prior month
59
Home Demand Index
from prior year
from prior year
101
Months of
Inventory
Inventory
5.3
Average daily inventory last month
218
Inventory sold
last month
last month
41
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | February 2026
Townhouse/Rowhouse/Twin All prices
Townhouse/
Rowhouse/Twin
All prices
The index for townhouses, rowhouses, and twins in Philadelphia is 71 this report period, up from 57 last month but below last year’s level of 78. The month-over-month increase suggests recovering buyer interest after a period of softer activity. Despite this improvement, demand remains lower than a year ago, indicating continued moderation in this attached-home segment.
Monthly Statistics for Townhouse/Rowhouse/TwinAll prices
Home Demand
Index
Index
71
(Slow)
Home Demand Index
from prior month
from prior month
57
Home Demand Index
from prior year
from prior year
78
Months of
Inventory
Inventory
4.4
Average daily inventory last month
5,534
Inventory sold
last month
last month
1,270
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 February 2026 period with data collected from the previous month.
Released: February 10, 2026
Reference ID: 2376
Philadelphia | February 2026
Home Demand Map (Zip Codes)
Buyer demand across the Philadelphia metro area remains uneven. Philadelphia and Delaware counties, along with Kent and New Castle counties, are showing slow demand, while Montgomery, Bucks, and Chester counties are limited. New Jersey counties and coastal areas also remain in limited demand, highlighting persistent geographic differences in market activity.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com