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May 2009 Philadelphia Real Estate Market

June 26, 2009

May 2009 as in previous months is trailing May 2008 in sales while prices remain flat overall.

In May 2008 there were 1,069 homes sold. In May 2009 there were 919 homes sold a drop of 14%.

Sales for the year to date went from 4,638 in 2008 to 3,630 in 2009 an overall drop of 22%, so May was better by comparison.

The median sale price actually increased from $134,000 in 2008 to $135,000 in 2009.

Information provided by Trend MLS and reflects properties listed for sale.

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