The State of the Market for Buyers in Philadelphia

Get An Offer Today, Sell In Less Than 21 days...

  • This field is for validation purposes and should be left unchanged.

Is it still a buyer’s market today in Philadelphia? As Philadelphia real estate market experts, we are often asked this question. The answer isn’t as simple as yes or no. {The State of the Market for Buyers in Philadelphia}

The State of the Market for Buyers in Philadelphia Pennsylvania

First off, it depends on the property type and location.

Single-family houses in great locations priced well have been flying off the shelves. There’s a lot of demand in the market for certain areas, while others can appear like ghost towns!

Buyers often look for the same thing – good neighborhoods, access to transportation, shopping, good schools, close to work, etc. Properties that deliver all these are a hot commodity. Sellers with a highly desirable property are in complete control of the market!

But for condos and townhouses – especially those a little off the beaten path or with some funky features – it can be quite a different story. Prices were down in certain areas of Pennsylvania but seem to rebound as the real estate market increases for rental properties!

Investment properties are in demand. The massive amounts of foreign cash flooding to invest in US real estate have uniquely impacted the Philadelphia market.

Overall, those people in a position to pay cash for properties have been picking up the good deals in the marketplace.

Many sellers try out speculative prices to see if anyone bites, but most cash home buyers are walking away from deals that don’t pencil out.

Financing is still a major obstacle for buyers in Philadelphia. Banks are being stringent, requiring lots of money and even changing their terms at the last minute. It’s not uncommon for approved buyers to get their loans pulled right before closing escrow, although it’s getting better than it was just a couple of years ago.

Overall, the markets remain incredibly polarized – there is a lot of action at the top and bottom, with the biggest challenges in the middle.

Sound confusing? It is. But We Can Help.

There are a lot of shakeups in the US economy, and the markets are moving fast in lots of directions at once.

We’re investing in Pennsylvania because we believe in the community and the people here.

If you need to sell a property in Pennsylvania, we can help you.

We buy properties like yours from people who need to sell house fast.

Call us anytime [215-359-6090] or fill out the form today if you’re looking to sell a Philadelphia house fast!

Buying Property 215

Get More Info On Options To Sell Your Home...

Selling a property in today's market can be confusing. Connect with us or submit your info below and we'll help guide you through your options.

Get An Offer Today, Sell In Less Than 21 days...

  • This field is for validation purposes and should be left unchanged.

Leave a Reply

Your email address will not be published. Required fields are marked *