Philadelphia Metro

January 2025 | 
Home Demand Index: 49 | 
Tier: Limited

Metro Area Overview

The Home Demand Index (HDI) for this report stands at 49, a decline from last month’s 69 and slightly lower than the 50 recorded during the same period last year. This decrease reflects continued cooling in market conditions, likely driven by economic pressures and seasonal factors. Despite the softer month-over-month trend, year-over-year demand remains relatively stable.
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 | January 2025

Home Demand Index

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The Home Demand Index (HDI) for this report stands at 49, a decline from last month’s 69 and slightly lower than the 50 recorded during the same period last year. This decrease reflects continued cooling in market conditions, likely driven by economic pressures and seasonal factors. Despite the softer month-over-month trend, year-over-year demand remains relatively stable.
Demand for entry-level single-family homes decreased, with the index dropping from 73 last month to 53, remaining consistent with last year. Luxury condos also saw a decline, dropping from 86 last month to 63, but still showing an improvement compared to last year. Overall, demand has decreased from last month, reflecting a broader trend of reduced buyer interest across various segments, despite year-over-year improvement in the luxury condo market.
Monthly Statistics for January 2025
Home Demand
Index
49
(Limited)
Home Demand Index
from prior month
69
Home Demand Index
from prior year
50
Index change
from prior month
-29%
Index change from
same time last year
-2%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com