Philadelphia Metro

November 2026 | 
Home Demand Index: 76 | 
Tier: Slow

Metro Area Overview

The Home Demand Index (HDI) for the Philadelphia metro area stands at 76 for this report period, down 3 points from last month’s 79 and below the 81 recorded one year ago. That leaves the market 3.8% lower on the month and 6.2% lower than a year ago, a milder cooling than in neighboring metros that keeps demand in Slow territory as the fall season winds down. All six home-type tiers eased on the month, though most moves were modest, pointing to a gradual seasonal slowdown rather than a sharp break.
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 | November 2026

Home Demand Index

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The Home Demand Index (HDI) for the Philadelphia metro area stands at 76 for this report period, down 3 points from last month’s 79 and below the 81 recorded one year ago. That leaves the market 3.8% lower on the month and 6.2% lower than a year ago, a milder cooling than in neighboring metros that keeps demand in Slow territory as the fall season winds down. All six home-type tiers eased on the month, though most moves were modest, pointing to a gradual seasonal slowdown rather than a sharp break.
Demand by home type in Philadelphia this period ranges from a high of 105 in the luxury condo tier to a low of 63 in the luxury single-family tier, and every tier slipped on the month. Condos remain the strongest segment, with entry condos at 96 and luxury condos at 105, both Steady. Single-family demand is weaker: entry at 75 (Slow), mid-range at 68 and luxury at 63 (both Limited), although luxury single-family is the only tier above its year-ago level, up 1 point. The townhouse/rowhouse format, the metro’s highest-volume segment, reads 86. Inventory runs from about 2.6 months in mid-range single-family to 6.3 months in luxury condos.
Monthly Statistics for November 2026
Home Demand
Index
76
(Slow)
Home Demand Index
from prior month
79
Home Demand Index
from prior year
81
Index change
from prior month
-3.8%
Index change from
same time last year
-6.2%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com