Philadelphia Metro

April 2025 | 
Home Demand Index: 86 | 
Tier: Slow

Metro Area Overview

The Home Demand Index (HDI) for Philadelphia is 86, reflecting an increase from last month’s 72 but nearly unchanged from last year’s 85. This month-over-month improvement indicates growing buyer interest, potentially driven by seasonal demand or economic stabilization. However, the slight year-over-year decrease suggests that demand remains somewhat restrained compared to the previous year.
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 | April 2025

Home Demand Index

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The Home Demand Index (HDI) for Philadelphia is 86, reflecting an increase from last month’s 72 but nearly unchanged from last year’s 85. This month-over-month improvement indicates growing buyer interest, potentially driven by seasonal demand or economic stabilization. However, the slight year-over-year decrease suggests that demand remains somewhat restrained compared to the previous year.
Demand for entry-level single-family homes increased to 84, up from 81 last year, suggesting heightened interest as buyers seek more affordable housing options. The luxury single-family segment saw a significant rise to 71, up from 52 last month, indicating a surge in buyer interest or potential adjustments in inventory levels. This shift highlights the dynamic market conditions across various price tiers.
Monthly Statistics for April 2025
Home Demand
Index
86
(Slow)
Home Demand Index
from prior month
72
Home Demand Index
from prior year
85
Index change
from prior month
19.4%
Index change from
same time last year
1.2%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com