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 May which is 38.3% less than last May and year-to-date sales are down 24.3%. The number is homes pending settlement in May was down 25.8% which will continue to affect the market heading into Summer months. June 1st total inventory vs last June 1st is down 23.9% and there's currently only a 1.8 month supply of Main Line homes on the market. These statistics continue the extremely strong seller's market as weak inventory is continuing to slow the market.

May 2023 Main Line stats