Market Updates

June 1, 2023

Main Line Real Estate Market - May 2023

The median price of the #MainLine homes sold in May decreased 11% BUT the year to date median is still up 4.4%. The average price in May was up 2.1% compared to last May and up a robust 10% year to date. There were only 116 settlements in ...

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Posted in Market Updates
Feb. 2, 2023

Main Line Real Estate Report January 2023

How was the Main Line real estate market in January? The average and median sales price were flat at 0.6% and 3.4%, compared to last January. The average price last month was $836K and the median was $657K. Low inventory continues to be issue on the Main Line ...

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Posted in Market Updates
Nov. 10, 2022

How's the Main Line Real Estate Market?

Low inventory and higher interest rates have impacted the Main Line real estate market, but not as dramatically as the media would have you believe. All real estate is local so national statistics make as much sense as national weather. What really counts is what our local market is doing ...

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Posted in Market Updates
July 14, 2022

Are Main Line Real Estate Values Exploding? Absolutely NOT!!

Main Line Bidding Wars Haven't Increased Prices

We've all heard the stories this year: Main Line listings that sell in a day well above the asking price; sellers who receive 30 offers on their listings; buyers who waive inspection and mortgage contingencies in order to win the bidding ...

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Posted in Market Updates
April 5, 2022

How Was the Q1 Main Line Real Estate Market?

The words "crazy" and "insane" are the words I hear the most when Realtors, buyers, and sellers describe the Main Line real estate market over the last year.

Is that accurate? Everyone has heard stories of bidding wars with 25 offers where the seller got 100K+ over asking price and ...

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Posted in Market Updates
Feb. 2, 2022

How Was the 2021 Main Line Real Estate Market?

The 2021 Main Line real estate market was unlike any other. The number of available listings decreased 44% compared to 2020, which was also a low inventory year. The increase in millennials searching for Main Line homes combined with record-low inventory lead to sellers receiving 10-20-30 offers on a single ...

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Posted in Market Updates
Jan. 31, 2022

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood ...

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Posted in Market Updates