Philadelphia Metro

November 2025 | 
Home Demand Index: 80 | 
Tier: Slow

Metro Area Overview

The Home Demand Index (HDI) for the Philadelphia metro area stands at 80 in the latest report, down from 83 last month. This modest month-over-month decline reflects a continued cooling in buyer activity heading into late fall, consistent with typical seasonal trends. However, compared with last year’s index of 70, overall demand remains stronger year-over-year, suggesting the market is maintaining a healthier pace than in 2024.
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 2025

Home Demand Index

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The Home Demand Index (HDI) for the Philadelphia metro area stands at 80 in the latest report, down from 83 last month. This modest month-over-month decline reflects a continued cooling in buyer activity heading into late fall, consistent with typical seasonal trends. However, compared with last year’s index of 70, overall demand remains stronger year-over-year, suggesting the market is maintaining a healthier pace than in 2024.
Buyer demand across home types in Philadelphia shows a mixed pattern this period. The index for entry-level single-family homes declined to 79 from 85 last month but remains above last year’s 72, suggesting that affordability continues to support first-time buyers. Mid-range single-family homes decreased slightly to 73 from 75, indicating a modest pullback in buyer activity within the mid-tier market, potentially reflecting constrained inventory limiting move-up purchases. Luxury single-family homes declined to 62 from 70 but remain higher than last year, signaling ongoing, though reduced, interest among higher-end buyers. Entry-level condos rose from 106 to 108, up from 77 last year, highlighting strong continued demand among first-time condo buyers. Luxury condos fell to 112 from 120 but remain significantly above last year’s 80, suggesting sustained interest at the upper end of the condo market. Townhouses declined slightly to 88 from 91 last month but remain above last year’s 78, indicating steady demand.
Monthly Statistics for November 2025
Home Demand
Index
80
(Slow)
Home Demand Index
from prior month
83
Home Demand Index
from prior year
70
Index change
from prior month
-3.6%
Index change from
same time last year
14.3%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com