August 2025 Report
Philadelphia Metro
Philadelphia | August 2025
Home Demand Index
The Home Demand Index (HDI) for the Philadelphia metro area stands at 83 this month, reflecting a slight decrease from 87 in the previous report period. This month-over-month decline suggests a mild softening in buyer activity, potentially linked to late-summer seasonality or affordability constraints. However, the current index is nearly identical to the 82 recorded during the same period last year, signaling a steady market environment with relatively consistent buyer interest year-over-year.
Demand across home types in Philadelphia market moderated this report period, with most segments showing month-over-month declines. Notably, luxury single-family homes dipped from an index of 83 to 71, while entry level condos declined from 107 to 95. Despite the cooling trend, most home types remain at or above their year-ago levels, suggesting underlying market strength even amid near-term softening. These shifts reflect persistent inventory constraints and affordability pressures that continue to influence buyer behavior across price tiers.
Monthly Statistics for August 2025
Home Demand
Index
Index
83
(Slow)
Home Demand Index
from prior month
from prior month
87
Home Demand Index
from prior year
from prior year
82
Index change
from prior month
from prior month
-4.6%
Index change from
same time last year
same time last year
1.2%
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | August 2025
Home Demand Index | Historical Year-over-Year Comparison
The HDI for this report period is 83, a decline from last month’s reading of 87 but slightly above the 82 recorded one year ago. This narrow year-over-year increase suggests stable buyer interest, even as short-term conditions show signs of cooling. Over the past 12 months, Philadelphia’s housing market has demonstrated relative consistency in demand, with values trending within a tight band that underscores ongoing market resilience.
Home Demand Index
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | August 2025
Home Demand Map
Buyer demand across the Philadelphia metro continues to be geographically uneven. Moderate demand continues in Kent County, supported by favorable inventory turnover and location advantages. Demand is steady in Bucks, New Castle, Montgomery, Delaware, and Chester counties. In contrast, buyer interest remains limited in New Jersey counties and coastal areas such as Ocean County, reflecting continued caution in price-sensitive or discretionary submarkets.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | August 2025
Demand and Inventory by Home Type
Demand across home types in Philadelphia market moderated this report period, with most segments showing month-over-month declines. Notably, luxury single-family homes dipped from an index of 83 to 71, while entry level condos declined from 107 to 95. Despite the cooling trend, most home types remain at or above their year-ago levels, suggesting underlying market strength even amid near-term softening. These shifts reflect persistent inventory constraints and affordability pressures that continue to influence buyer behavior across price tiers.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | August 2025
Single Family Home Below $355k
The index for entry-level single-family homes in Philadelphia stands at 80 this month, down slightly from 82 last month but still above last year’s level of 77. This modest month-over-month decline suggests stable yet subdued buyer interest, while the year-over-year improvement highlights a gradual strengthening in demand. Persistent affordability challenges and limited inventory continue to shape market activity within this segment.
Monthly Statistics for Single Family Home Below $355k
Home Demand
Index
Index
80
(Slow)
Home Demand Index
from prior month
from prior month
82
Home Demand Index
from prior year
from prior year
77
Months of
inventory
inventory
2.2
Average daily inventory last month
1,224
Inventory sold
last month
last month
555
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | August 2025
Single Family Home $355k - $781k
Mid-range single-family homes in Philadelphia is 79 this month, down from 82 last month but marginally higher than last year’s 78. The month-over-month decline points to a cooling in buyer activity, although the year-over-year comparison suggests steady interest in this segment. Overall, demand appears to be stabilizing near last year’s levels, reflecting buyer caution amid affordability constraints.
Monthly Statistics for Single Family Home $355k - $781k
Home Demand
Index
Index
79
(Slow)
Home Demand Index
from prior month
from prior month
82
Home Demand Index
from prior year
from prior year
78
Months of
Inventory
Inventory
1.8
Average daily inventory last month
3,357
Inventory sold
last month
last month
1,883
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | August 2025
Single Family Home Above $781k
The index for luxury single-family homes in Philadelphia fell to 71 this month, down from 83 last month and slightly below last year’s level of 73. This drop marks a softening in buyer interest for high-end properties, potentially driven by affordability concerns or economic uncertainty. The segment remains relatively weak compared to earlier in the year, signaling continued volatility in luxury demand.
Monthly Statistics for Single Family Home Above $781k
Home Demand
Index
Index
71
(Slow)
Home Demand Index
from prior month
from prior month
83
Home Demand Index
from prior year
from prior year
73
Months of
Inventory
Inventory
2.1
Average daily inventory last month
1,301
Inventory sold
last month
last month
606
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | August 2025
Condo Below $425k
Entry-level condos in Philadelphia is 95 this month, a decline from 107 last month but still above last year’s index of 89. This month-over-month drop suggests a cooling in short-term demand, likely reflecting seasonal shifts or affordability fatigue. Nevertheless, the year-over-year gain signals that interest in this relatively affordable segment remains stronger than in 2024.
Monthly Statistics for Condo Below $425k
Home Demand
Index
Index
95
(Steady)
Home Demand Index
from prior month
from prior month
107
Home Demand Index
from prior year
from prior year
89
Months of
Inventory
Inventory
4.4
Average daily inventory last month
1,131
Inventory sold
last month
last month
259
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | August 2025
Condo Above $425k
Luxury condos in Philadelphia stands at 106 this month, a slight increase from 104 last month and up from 100 a year ago. This month-over-month uptick indicates a mild rebound in buyer interest, while the year-over-year gain points to a gradual strengthening in demand. Despite past volatility, the luxury condo segment continues to show resilience amid shifting market conditions.
Monthly Statistics for Condo Above $425k
Home Demand
Index
Index
106
(Steady)
Home Demand Index
from prior month
from prior month
104
Home Demand Index
from prior year
from prior year
100
Months of
Inventory
Inventory
5.3
Average daily inventory last month
303
Inventory sold
last month
last month
57
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | August 2025
Townhouse/Rowhouse/Twin All prices
Townhouse/
Rowhouse/Twin
All prices
The index for townhouses, rowhouses, and twins in Philadelphia is 90 this month, a small decline from last month’s 93 but just above last year’s level of 89. This suggests a slight cooling in buyer demand, although the year-over-year comparison indicates overall stability in this segment. Attached homes continue to attract steady interest as buyers seek space and relative affordability within the urban core.
Monthly Statistics for Townhouse/Rowhouse/TwinAll prices
Home Demand
Index
Index
90
(Steady)
Home Demand Index
from prior month
from prior month
93
Home Demand Index
from prior year
from prior year
89
Months of
Inventory
Inventory
3.2
Average daily inventory last month
6,579
Inventory sold
last month
last month
2,031
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Note
1. This report is generated with data from the following counties:
- 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;
2. This report is for the August 2025 period with data collected from the previous month.
Released: August 9, 2025
Reference ID: 2286
Philadelphia | August 2025
Home Demand Map (Zip Codes)
Buyer demand across the Philadelphia metro continues to be geographically uneven. Moderate demand continues in Kent County, supported by favorable inventory turnover and location advantages. Demand is steady in Bucks, New Castle, Montgomery, Delaware, and Chester counties. In contrast, buyer interest remains limited in New Jersey counties and coastal areas such as Ocean County, reflecting continued caution in price-sensitive or discretionary submarkets.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com