Philly Real Estate September 10'

Philadelphia Real Estate reports show the average listing price is down by 0.3% with the average listing at 271,420 in the week ending of September 22.  The average number of sales has also dropped 8.3%.  This is definitely still a buyers market as the number of listings has grown by 400 during the month of September.  Despite these trends many Philadelphia neighborhoods still seem to be getting a lot of interest from developers.  Smaller residential projects can be seen all over with renovations and new construction throughout parts of North Philadelphia and cafe's and boutiques popping up along philadelphia reinvestment commercial corridors.  Large scale developments are still on hold of course due to the market, but we are all hoping things turn around in 2011.

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