Top Mega Teams in Philadelphia, Pennsylvania – Ranked by Volume

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    • Rank – City VolumeTeam NameCompanyLocationVolumeProfile
    1The Mike McCann TeamKeller WilliamsPhiladelphia, PA$312,218,429View Profile
    2The Condo ShopKeller WilliamsPhiladelphia, PA$220,056,249View Profile
    3Center City ListingsKeller WilliamsPhiladelphia, PA$210,975,705View Profile
    4Jim Roche Real EstateKeller WilliamsPhiladelphia, PA$162,885,546View Profile
    5The Sivel GroupBerkshire Hathaway HomeServices Fox & Roach, REALTORS®Philadelphia, PA$132,250,007View Profile
    6The Matt Aragona Group at Compass RECompassPhiladelphia, PA$81,865,264View Profile
    7The Toll GroupKeller WilliamsPhiladelphia, PA$73,803,545View Profile
    8The Somers TeamKeller WilliamsPhiladelphia, PA$68,142,502View Profile
    9Venture PhillyKeller WilliamsPhiladelphia, PA$35,913,475View Profile

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    2023 Philadelphia, Pennsylvania Housing Market Summary

    Philadelphia, Pennsylvania started 2023 with a total of 2,745 single-family homes on the market, with a median home price of $265,000 and an average price per square foot of $213. By the end of the year, inventory had decreased to 2,488 homes on the market (-9%), with a median home price of $249,900 (-5%) and an average price per square foot of $211 (+0%).

    At the start of 2023, the median days on market (DOM) was 84 days – by the end of the year, median DOM had remained the same at 84 days.

    Philadelphia started the year with 47% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 45% of Philadelphia homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Philadelphia started 2023 as a seller’s market, with an MAI score of 39; by the end of the year, the MAI had dropped to 31 – a balanced buyer and seller’s market.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Housing Market News

    AdobeStock_250556333

    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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