Philadelphia Metro

March 2026 | 
Home Demand Index: 63 | 
Tier: Limited

Metro Area Overview

The Home Demand Index (HDI) for the Philadelphia metro area stands at 63 for this report period, up modestly from 61 last month but meaningfully below the 73 recorded during the same period one year ago. The month-over-month gain reflects early seasonal reactivation as buyer attention increases entering spring, though the pace of recovery remains muted relative to prior-year benchmarks. A ten-point year-over-year deficit indicates the Philadelphia market is operating in a softer demand environment than last spring, with affordability pressures and financing sensitivity continuing to constrain buyer engagement across segments.
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 | March 2026

Home Demand Index

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The Home Demand Index (HDI) for the Philadelphia metro area stands at 63 for this report period, up modestly from 61 last month but meaningfully below the 73 recorded during the same period one year ago. The month-over-month gain reflects early seasonal reactivation as buyer attention increases entering spring, though the pace of recovery remains muted relative to prior-year benchmarks. A ten-point year-over-year deficit indicates the Philadelphia market is operating in a softer demand environment than last spring, with affordability pressures and financing sensitivity continuing to constrain buyer engagement across segments.
Demand by home type in Philadelphia reflects broad softening relative to last year, though most segments are showing modest month-over-month improvement as the spring season begins. Entry-level single-family homes registered an index of 59, down from 64 last month and below the 73 posted one year ago, indicating that affordability constraints are bearing most heavily on first-time buyers in this market. Mid-range single-family homes edged up to 54 from 53 last month but remain well below last year’s 60, suggesting move-up activity is stabilizing at a subdued level with limited near-term acceleration. Luxury single-family homes posted 39, up from 33 last month but trailing last year’s 51 by a notable margin, pointing to cautious high-end engagement and ongoing hesitancy among discretionary buyers in the upper tier. Entry-level condos advanced to 95 from 88 last month, though they remain below last year’s 99, continuing to represent one of the more resilient demand categories as affordability-focused buyers seek lower-maintenance alternatives. Luxury condos improved to 91 from 82 last month but sit below last year’s 122, reflecting a meaningful year-over-year cooling in premium attached demand that warrants continued monitoring. Townhouses and twin homes rose to 76 from 72 last month, though still below last year’s 87, with the segment’s value proposition sustaining a stable base of buyer interest as spring activity gradually builds.
Monthly Statistics for March 2026
Home Demand
Index
63
(Limited)
Home Demand Index
from prior month
61
Home Demand Index
from prior year
73
Index change
from prior month
3.3%
Index change from
same time last year
-13.7%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com