Philadelphia Metro

June 2025 | 
Home Demand Index: 90 | 
Tier: Steady

Metro Area Overview

The Home Demand Index (HDI) for the Philadelphia metro area stands at 90 this month, down slightly from 91 in the previous month but up from 87 during the same period last year. The current reading places the market in the Steady demand category, indicating relatively stable buyer activity. The minor month-over-month dip may reflect typical seasonal slowing, combined with ongoing affordability challenges and limited inventory. Despite this modest softening, the market remains broadly balanced, with consistent buyer engagement across much of the metro area.
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 | June 2025

Home Demand Index

VIEW DETAILS
The Home Demand Index (HDI) for the Philadelphia metro area stands at 90 this month, down slightly from 91 in the previous month but up from 87 during the same period last year. The current reading places the market in the Steady demand category, indicating relatively stable buyer activity. The minor month-over-month dip may reflect typical seasonal slowing, combined with ongoing affordability challenges and limited inventory. Despite this modest softening, the market remains broadly balanced, with consistent buyer engagement across much of the metro area.
Property type trends across the Philadelphia metro indicate selective buyer activity. Entry-level single-family homes (under $350,000) dipped to an index of 82, down from 84 last month but up from 75 a year ago, reflecting continued affordability challenges. Mid-range single-family homes ($350,000–$765,000) posted an index of 84, slightly up from 81 last month but below 85 last year, suggesting relatively steady but soft demand. Luxury single-family homes priced over $765,000 increased to 93 from 88 last month. This figure remains above last year’s 89, indicating stable interest among affluent buyers. Entry-level condos (under $420,000) declined to 106 from 118 last month, though demand remains stronger than last year’s 98, showing ongoing interest in affordable attached options. Luxury condos (above $420,000) reached 120, which is down from 125 last month and also lower than last year’s figure. This indicates a cooling or softening demand in the upscale condo market. Townhouses, rowhouses, and twins across all price points fell to 95 from 101 last month but are up slightly from 90 a year ago, reflecting steady but softening demand.
Monthly Statistics for June 2025
Home Demand
Index
90
(Steady)
Home Demand Index
from prior month
91
Home Demand Index
from prior year
87
Index change
from prior month
-1.1%
Index change from
same time last year
3.4%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com