Real Estate Trends in Media PA

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Media, PA, United States
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Tuesday, May 1, 2012

2012 vs 2011 Real Estate Statistics for Greater Philadelphia Area

Here are some noteworthy statistics from the TREND MLS for the first quarter of 2012 compared to the same period in 2011.
  • Closed Sales are up 12.5%
  • Pending Sales are up 25.9%
  • Inventory of properties is down 9.5%
  • Electronic Showings are up 36%

Other sources quote the following statistics:

  • Unemployment nationally is 8.2%, in PA 7.6% in DE 7.0% and in NJ 9.0%
  • Second home market was up 7% in 2011 over 2010.
  • Investment purchases were up 65% in 2011 over 2010.
  • Experts agree that interest rates will not go down further and will probably rise by the end of the year or in 2013.

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