Philadelphia Metro

February 2026 | 
Home Demand Index: 60 | 
Tier: Limited

Metro Area Overview

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.
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 | February 2026

Home Demand Index

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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
60
(Limited)
Home Demand Index
from prior month
47
Home Demand Index
from prior year
65
Index change
from prior month
27.7%
Index change from
same time last year
-7.7%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com