Real estate trends are cyclical, meaning that the market experiences peaks and valleys over time and that history eventually repeats itself in varying degrees. There are seller-markets and buyer-markets, and some neighborhoods are affected differently than others. If you look at a graph over a period of years / decades, you will likely notice a pattern. Many try to predict when the market will take a down-turn or see an up-swing in value based on these trends. While we do not have a crystal ball and cannot guarantee what is to come, we can make educated guesses by analyzing the history of the market in a particular area.
Our market analysis can focus on specific neighborhoods or zip codes in Philadelphia, or the city as a whole. An analysis will show the average sales price, inventory, and absorption rates over a period of months to years. We will help you digest and evaluate this information, providing a clear snapshot of the market and advising in your best interest.