Philadelphia Metro

September 2025 | 
Home Demand Index: 77 | 
Tier: Slow

Metro Area Overview

The Home Demand Index (HDI) for the Philadelphia metro area declined to 77 in the current report, down from 85 last month and slightly below the 81 recorded during the same period last year. This continued month-over-month softening suggests a seasonal cooling in buyer activity as the market transitions from summer into early fall. The year-over-year dip, though modest, points to slightly weaker demand conditions compared to last September, indicating a cautious buyer environment.
The market trend line, below, provides a high-level monthly overview of the Home Demand Index for each of the metro market areas within the Greater Philadelphia Metro Area. The Home Demand Index is baselined at 100, with 90-110 indicating a steady market. Index values above 110 indicate moderate and high activity while Index values below 90 indicate slower or limited activity. For more information for a given period of time, click on any point on the map to pull up the monthly report.
Metro Market Trend Data by Bright MLS | T3 Home Demand Index
Each of the market areas listed above are defined as follows:
  • 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;

Philadelphia | September 2025

Home Demand Index

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The Home Demand Index (HDI) for the Philadelphia metro area declined to 77 in the current report, down from 85 last month and slightly below the 81 recorded during the same period last year. This continued month-over-month softening suggests a seasonal cooling in buyer activity as the market transitions from summer into early fall. The year-over-year dip, though modest, points to slightly weaker demand conditions compared to last September, indicating a cautious buyer environment.
Buyer demand across most home segments in Philadelphia declined this period, though levels remain above last year in several categories. The index for entry-level single-family homes edged down from 83 to 81 but stayed higher than the 77 recorded last year, reflecting sustained slow interest. Meanwhile, mid-range single-family homes experienced a sharper pullback, with the index falling to 72 from 80 and below last year’s 78, suggesting affordability pressures are beginning to weigh more heavily in this tier. While some segments remain resilient, the overall market is showing signs of cooling amid ongoing inventory constraints and seasonal transition.
Monthly Statistics for September 2025
Home Demand
Index
77
(Slow)
Home Demand Index
from prior month
85
Home Demand Index
from prior year
81
Index change
from prior month
-9.4%
Index change from
same time last year
-4.9%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com