Philadelphia Metro

August 2026 | 
Home Demand Index: 81 | 
Tier: Slow

Metro Area Overview

The Home Demand Index (HDI) for the Philadelphia metro area stands at 81 for this report period, down one point from 82 last month and below the 85 recorded during the same period one year ago. The modest month-over-month decline is consistent with the seasonal deceleration typically observed as the market transitions from summer into the late-season selling window, and the four-point year-over-year deficit remains the narrowest among the three metros covered in this report, indicating that Philadelphia continues to track closer to its prior-year baseline than either Baltimore or Washington DC. The most notable development within the tier structure is the entry condo segment’s positive year-over-year reading, up seven points from a year ago to 105, the only tier among the eighteen covered across the three metros this period to register a year-over-year gain.
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 | August 2026

Home Demand Index

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The Home Demand Index (HDI) for the Philadelphia metro area stands at 81 for this report period, down one point from 82 last month and below the 85 recorded during the same period one year ago. The modest month-over-month decline is consistent with the seasonal deceleration typically observed as the market transitions from summer into the late-season selling window, and the four-point year-over-year deficit remains the narrowest among the three metros covered in this report, indicating that Philadelphia continues to track closer to its prior-year baseline than either Baltimore or Washington DC. The most notable development within the tier structure is the entry condo segment’s positive year-over-year reading, up seven points from a year ago to 105, the only tier among the eighteen covered across the three metros this period to register a year-over-year gain.
Demand by home type in Philadelphia this period is defined by a clear split between the condo tiers and single-family, with entry condo the only segment among the six to post a positive year-over-year reading, up three points to 105 and seven points ahead of a year ago, while luxury condo eased seven points to 95, still Steady. All three single-family tiers registered negative year-over-year comparisons: entry single-family held flat at 73, mid single-family eased two points to 77, and luxury single-family eased two points to 71, essentially unchanged from a year ago. Townhouse demand eased one point to 87, rounding out a period where the attached, lower-priced segment is the only genuine source of year-over-year strength in the metro.
Monthly Statistics for August 2026
Home Demand
Index
81
(Slow)
Home Demand Index
from prior month
82
Home Demand Index
from prior year
85
Index change
from prior month
-1.2%
Index change from
same time last year
-4.7%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com