December 2025 Report
Philadelphia Metro
Philadelphia | December 2025
Home Demand Index
The Home Demand Index (HDI) for the Philadelphia metro area is 62 this report period, down from 81 last month, signaling a clear month-over-month cooling in buyer activity. Demand is also below last year’s reading of 70, indicating softer conditions on an annual basis. With the index now in a slower range, overall market momentum appears to be easing as buyers remain cautious.
Demand by home type in Philadelphia shows growing divergence this period, led by a meaningful step-down in entry-level single-family activity from last month. Entry-level single-family demand is now lower than both last month and last year, indicating affordability is no longer providing the same level of support as it did earlier in 2025. Mid-range single-family metrics appear highly volatile in the provided data, but the broader pattern suggests a market where move-up demand is softer and increasingly dependent on limited, well-priced inventory. Luxury single-family homes are also seeing weaker demand, while lower-priced condos are slowing and higher-priced condos are holding relatively steadier. Townhomes, rowhouses, and twins continue to experience a moderate slowdown, consistent with broader trends across the market.
Monthly Statistics for December 2025
Home Demand
Index
Index
62
(Limited)
Home Demand Index
from prior month
from prior month
81
Home Demand Index
from prior year
from prior year
70
Index change
from prior month
from prior month
-23.5%
Index change from
same time last year
same time last year
-11.4%
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | December 2025
Home Demand Index | Historical Year-over-Year Comparison
This month’s HDI reading for Philadelphia is 62, a sizable decline from 81 last month and below the 70 posted during the same period last year. The year-over-year gap points to weaker demand momentum relative to late 2024, with buyers showing increased caution. Over the past 12 months, the trend has moved from midyear strength toward a more pronounced late-year slowdown, highlighting growing sensitivity to price and financing conditions.
Home Demand Index
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | December 2025
Home Demand Map
Buyer demand across the Philadelphia metro area continues to vary by submarket, with all areas showing signs of slowing. Core Pennsylvania counties and established commuter counties are experiencing moderate declines, while more price-sensitive or discretionary areas, as well as New Jersey and coastal counties, remain in lower-demand ranges. This reinforces the region’s ongoing geographic unevenness.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | December 2025
Demand and Inventory by Home Type
Demand by home type in Philadelphia shows growing divergence this period, led by a meaningful step-down in entry-level single-family activity from last month. Entry-level single-family demand is now lower than both last month and last year, indicating affordability is no longer providing the same level of support as it did earlier in 2025. Mid-range single-family metrics appear highly volatile in the provided data, but the broader pattern suggests a market where move-up demand is softer and increasingly dependent on limited, well-priced inventory. Luxury single-family homes are also seeing weaker demand, while lower-priced condos are slowing and higher-priced condos are holding relatively steadier. Townhomes, rowhouses, and twins continue to experience a moderate slowdown, consistent with broader trends across the market.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | December 2025
Single Family Home Below $360k
The index for entry-level single-family homes in Philadelphia is 62 this report period, down from 81 last month and below last year’s 74. The month-over-month decline indicates weaker short-term buyer activity in the most affordable detached segment. With the index now trailing its year-ago level, demand appears to be moving more firmly into a limited category.
Monthly Statistics for Single Family Home Below $360k
Home Demand
Index
Index
62
(Limited)
Home Demand Index
from prior month
from prior month
81
Home Demand Index
from prior year
from prior year
74
Months of
inventory
inventory
2.6
Average daily inventory last month
1,266
Inventory sold
last month
last month
483
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | December 2025
Single Family Home $360k - $800k
Mid-range single-family demand in Philadelphia posted an index of 54, down from 74 last month and below 63 last year. The month-over-month drop points to a meaningful easing in move-up buyer activity. Compared with last year, demand is softer, suggesting this segment is experiencing a more cautious late-year shift.
Monthly Statistics for Single Family Home $360k - $800k
Home Demand
Index
Index
54
(Limited)
Home Demand Index
from prior month
from prior month
74
Home Demand Index
from prior year
from prior year
63
Months of
Inventory
Inventory
2.4
Average daily inventory last month
3,132
Inventory sold
last month
last month
1,302
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | December 2025
Single Family Home Above $800k
Luxury single-family demand in Philadelphia stands at 43 this period, down from 62 last month and slightly below last year’s 47. This month-over-month decline shows high-end demand losing momentum heading into winter. With the index just under its year-ago level, luxury activity is trending slower but not collapsing, reflecting measured buyer participation.
Monthly Statistics for Single Family Home Above $800k
Home Demand
Index
Index
43
(Limited)
Home Demand Index
from prior month
from prior month
62
Home Demand Index
from prior year
from prior year
47
Months of
Inventory
Inventory
3.4
Average daily inventory last month
1,084
Inventory sold
last month
last month
316
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | December 2025
Condo Below $428k
The entry-level condo index in Philadelphia is 85 this report period, down from 109 last month but above last year’s 81. The month-over-month pullback indicates a short-term slowdown in buyer urgency for lower-priced attached homes. Year-over-year improvement remains intact, suggesting this segment continues to attract interest despite recent softening.
Monthly Statistics for Condo Below $428k
Home Demand
Index
Index
85
(Slow)
Home Demand Index
from prior month
from prior month
109
Home Demand Index
from prior year
from prior year
81
Months of
Inventory
Inventory
5
Average daily inventory last month
976
Inventory sold
last month
last month
195
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | December 2025
Condo Above $428k
Luxury condo demand in Philadelphia is 92 this period, down from 112 last month and above last year’s 85. The month-over-month decline signals moderating high-end condo demand after a stronger fall stretch. Still, the year-over-year gain indicates the segment is holding a healthier demand baseline than in the prior year.
Monthly Statistics for Condo Above $428k
Home Demand
Index
Index
92
(Steady)
Home Demand Index
from prior month
from prior month
112
Home Demand Index
from prior year
from prior year
85
Months of
Inventory
Inventory
7.2
Average daily inventory last month
289
Inventory sold
last month
last month
40
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Philadelphia | December 2025
Townhouse/Rowhouse/Twin All prices
Townhouse/
Rowhouse/Twin
All prices
The index for townhouses, rowhouses, and twins in Philadelphia registered an index of 72, down from 89 last month and below last year’s 79. The month-over-month decline points to softer near-term activity in attached single-family options. With demand also trailing last year, this segment is settling into a slower, more seasonal pace.
Monthly Statistics for Townhouse/Rowhouse/TwinAll prices
Home Demand
Index
Index
72
(Slow)
Home Demand Index
from prior month
from prior month
89
Home Demand Index
from prior year
from prior year
79
Months of
Inventory
Inventory
4.4
Average daily inventory last month
6,616
Inventory sold
last month
last month
1,512
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 December 2025 period with data collected from the previous month.
Released: December 11, 2025
Reference ID: 2346
Philadelphia | December 2025
Home Demand Map (Zip Codes)
Buyer demand across the Philadelphia metro area continues to vary by submarket, with all areas showing signs of slowing. Core Pennsylvania counties and established commuter counties are experiencing moderate declines, while more price-sensitive or discretionary areas, as well as New Jersey and coastal counties, remain in lower-demand ranges. This reinforces the region’s ongoing geographic unevenness.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com